Sanctuary Advisors LLC Acquires 12,675 Shares of Carrier Global Corporation $CARR

Sanctuary Advisors LLC grew its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 20.7% in the 1st quarter, HoldingsChannel reports. The firm owned 73,773 shares of the company’s stock after acquiring an additional 12,675 shares during the quarter. Sanctuary Advisors LLC’s holdings in Carrier Global were worth $4,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. YANKCOM Partnership boosted its holdings in shares of Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after buying an additional 208 shares during the last quarter. Torren Management LLC bought a new stake in Carrier Global in the fourth quarter worth about $25,000. True Wealth Design LLC boosted its stake in Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after acquiring an additional 427 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in Carrier Global in the fourth quarter valued at about $27,000. Finally, Garton & Associates Financial Advisors LLC bought a new position in shares of Carrier Global during the 4th quarter valued at approximately $33,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Performance

NYSE CARR opened at $68.71 on Monday. The firm has a market cap of $57.07 billion, a P/E ratio of 45.20, a price-to-earnings-growth ratio of 2.75 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. The company’s 50 day moving average is $68.27 and its 200-day moving average is $62.70. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09.

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

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CARR shares. JPMorgan Chase & Co. raised their price target on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Sanford C. Bernstein initiated coverage on Carrier Global in a research report on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 target price for the company. Robert W. Baird boosted their target price on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Wells Fargo & Company upped their price target on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Finally, BNP Paribas Exane started coverage on Carrier Global in a research note on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target for the company. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.51.

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.