Wealthfront Advisers LLC Grows Stock Position in Carrier Global Corporation $CARR

Wealthfront Advisers LLC lifted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 12.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,742 shares of the company’s stock after acquiring an additional 10,453 shares during the period. Wealthfront Advisers LLC’s holdings in Carrier Global were worth $5,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CARR. Massachusetts Financial Services Co. MA lifted its position in Carrier Global by 6.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock valued at $59,586,000 after buying an additional 72,906 shares in the last quarter. Y.D. More Investments Ltd purchased a new position in Carrier Global in the 4th quarter valued at about $1,556,000. Cardinal Capital Management Inc. raised its position in shares of Carrier Global by 11.3% in the 4th quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock valued at $21,675,000 after purchasing an additional 41,647 shares in the last quarter. Canoe Financial LP increased its stake in shares of Carrier Global by 607.5% in the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock worth $63,146,000 after buying an additional 1,026,147 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Carrier Global by 16.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,168 shares of the company’s stock worth $8,093,000 after purchasing an additional 21,350 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CARR. Citigroup boosted their price target on Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 13th. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Mizuho lifted their price objective on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Robert W. Baird boosted their target price on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Finally, Wolfe Research reiterated an “outperform” rating and issued a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and an average price target of $73.51.

Carrier Global Stock Down 0.9%

Shares of Carrier Global stock opened at $68.71 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The company has a market cap of $57.07 billion, a P/E ratio of 45.20, a P/E/G ratio of 2.75 and a beta of 1.31. The stock has a 50-day moving average price of $68.27 and a 200 day moving average price of $62.64. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, analysts expect that Carrier Global Corporation will post 2.79 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business 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 dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is 63.16%.

About Carrier Global

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.