Elevation Point Wealth Partners LLC Takes $2.04 Million Position in Carrier Global Corporation $CARR

Elevation Point Wealth Partners LLC acquired a new position in Carrier Global Corporation (NYSE:CARR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 27,773 shares of the company’s stock, valued at approximately $2,037,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in Carrier Global by 1.1% in the 4th quarter. State Street Corp now owns 33,728,829 shares of the company’s stock valued at $1,782,231,000 after buying an additional 351,490 shares during the last quarter. Morgan Stanley boosted its position in shares of Carrier Global by 1.8% during the 4th quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock valued at $621,264,000 after acquiring an additional 210,952 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Carrier Global during the second quarter valued at approximately $590,759,000. Norges Bank acquired a new stake in Carrier Global in the 4th quarter valued at $380,299,000. Finally, Fiera Capital Corp boosted its stake in shares of Carrier Global by 5.3% in the 4th quarter. Fiera Capital Corp now owns 6,923,485 shares of the company’s stock valued at $365,837,000 after purchasing an additional 348,812 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Evercore boosted their price target on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Argus raised their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Rothschild & Co Redburn lifted their target price on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Citigroup boosted their target price on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Finally, Robert W. Baird increased their price target on Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Stock Up 0.0%

Shares of NYSE:CARR opened at $60.40 on Monday. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The company’s 50-day moving average price is $67.37 and its two-hundred day moving average price is $64.14. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The firm has a market cap of $49.79 billion, a P/E ratio of 41.94, a P/E/G ratio of 2.23 and a beta of 1.31.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, research analysts forecast that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s payout ratio is 66.67%.

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.