Virtu Financial LLC Purchases Shares of 31,021 Carrier Global Corporation $CARR

Virtu Financial LLC bought a new position in shares of Carrier Global Corporation (NYSE:CARR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 31,021 shares of the company’s stock, valued at approximately $1,639,000.

Other hedge funds have also added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new stake in shares of Carrier Global during the fourth quarter worth $114,000. Cambient Family Office LLC acquired a new position in shares of Carrier Global in the fourth quarter valued at about $2,981,000. Invesco Ltd. grew its stake in shares of Carrier Global by 17.3% in the fourth quarter. Invesco Ltd. now owns 4,871,584 shares of the company’s stock valued at $257,415,000 after acquiring an additional 716,812 shares in the last quarter. Corient Private Wealth LLC increased its position in Carrier Global by 12.1% during the fourth quarter. Corient Private Wealth LLC now owns 447,054 shares of the company’s stock worth $23,627,000 after acquiring an additional 48,419 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in Carrier Global by 15.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 153,856 shares of the company’s stock worth $7,790,000 after purchasing an additional 20,905 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CARR. Royal Bank Of Canada boosted their price objective on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, May 1st. BNP Paribas Exane started coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price target for the company. Morgan Stanley increased their price target on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Argus raised their price target on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Citigroup upped their price objective on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price of $74.09.

Carrier Global Stock Performance

NYSE CARR opened at $71.92 on Friday. The firm’s fifty day moving average price is $65.20 and its two-hundred day moving average price is $60.24. The stock has a market cap of $59.74 billion, a PE ratio of 47.32, a PEG ratio of 2.88 and a beta of 1.34. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the prior year, the business earned $0.65 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities analysts expect that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio is presently 63.16%.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.