19,210 Shares in Carrier Global Corporation $CARR Purchased by Nwam LLC

Nwam LLC acquired a new position in shares of Carrier Global Corporation (NYSE:CARR) in the 1st quarter, HoldingsChannel reports. The firm acquired 19,210 shares of the company’s stock, valued at approximately $1,082,000.

A number of other hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Carrier Global by 6.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock worth $59,586,000 after purchasing an additional 72,906 shares during the last quarter. Y.D. More Investments Ltd purchased a new stake in Carrier Global in the 4th quarter valued at $1,556,000. Cardinal Capital Management Inc. grew its holdings in 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 buying 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 4th quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock worth $63,146,000 after acquiring an additional 1,026,147 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake 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 acquiring an additional 21,350 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Up 0.9%

Carrier Global stock opened at $69.33 on Friday. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The stock has a market cap of $57.58 billion, a PE ratio of 45.61, a P/E/G ratio of 2.75 and a beta of 1.31. The stock’s fifty day moving average is $68.23 and its two-hundred day moving average is $62.60.

Carrier Global (NYSE:CARR) last released its quarterly earnings data 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 business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the prior year, the firm posted $0.65 EPS. The business’s quarterly 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. On average, sell-side analysts expect that Carrier Global Corporation will post 2.79 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. BNP Paribas Exane assumed coverage on shares of Carrier Global in a report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective for the company. Wells Fargo & Company upped their target price on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. JPMorgan Chase & Co. upped their price target on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Royal Bank Of Canada raised their price objective on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, The Goldman Sachs Group raised their price target on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.51.

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.