BROOKFIELD Corp ON Acquires New Holdings in Carrier Global Corporation $CARR

BROOKFIELD Corp ON bought a new position in shares of Carrier Global Corporation (NYSE:CARR) during the first quarter, Holdings Channel reports. The fund bought 30,812 shares of the company’s stock, valued at approximately $1,735,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Torren Management LLC bought a new position in Carrier Global in the 4th quarter valued at $25,000. YANKCOM Partnership increased its holdings in shares of Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Carrier Global in the fourth quarter worth $33,000. Signature Equity Partners LLC raised its position in shares of Carrier Global by 449.2% in the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after buying an additional 530 shares in the last quarter. Finally, Princeton Global Asset Management LLC bought a new stake in Carrier Global during the fourth quarter valued at $39,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on CARR shares. Rothschild & Co Redburn boosted their target price on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. BNP Paribas Exane began coverage on Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target for the company. Mizuho boosted their price objective on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Finally, Sanford C. Bernstein initiated coverage on shares of Carrier Global in a research report on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 price objective on the stock. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.51.

Carrier Global Stock Up 0.0%

CARR opened at $68.91 on Monday. The stock has a market cap of $57.24 billion, a PE ratio of 45.34, a P/E/G ratio of 2.76 and a beta of 1.31. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The business’s fifty day simple moving average is $68.50 and its 200 day simple moving average is $63.22.

Carrier Global (NYSE:CARR) last issued 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 return on equity of 14.81% and a net margin of 5.99%.The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue 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. As a group, research analysts expect that Carrier Global Corporation will post 2.79 earnings per share 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 paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.4%. Carrier Global’s dividend payout ratio is currently 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.