Dockside LLC Invests $2.91 Million in Carrier Global Corporation $CARR

Dockside LLC acquired a new position in Carrier Global Corporation (NYSE:CARR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 55,120 shares of the company’s stock, valued at approximately $2,913,000.

Other large investors have also recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp purchased a new position in Carrier Global during the 3rd quarter valued at about $25,000. YANKCOM Partnership increased its holdings in Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares during the period. Torren Management LLC purchased a new position in Carrier Global during the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates increased its holdings in Carrier Global by 150.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after purchasing an additional 300 shares during the period. Finally, True Wealth Design LLC increased its holdings in Carrier Global by 723.7% during the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after purchasing an additional 427 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Carrier Global stock opened at $69.84 on Friday. The stock’s 50 day simple moving average is $63.70 and its two-hundred day simple moving average is $59.63. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The stock has a market cap of $58.01 billion, a price-to-earnings ratio of 45.95, a PEG ratio of 2.81 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.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The business’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 EPS. 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 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s payout ratio is presently 63.16%.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research analyst reports. Citigroup boosted their price target on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a report on Friday, May 1st. BNP Paribas Exane initiated coverage on Carrier Global in a report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target on the stock. Weiss Ratings upgraded Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Barclays boosted their price target on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Argus boosted their price target on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Twelve investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and an average price target of $74.09.

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.