Gateway Wealth Partners LLC Invests $557,000 in Carrier Global Corporation $CARR

Gateway Wealth Partners LLC acquired a new stake in Carrier Global Corporation (NYSE:CARR) in the first quarter, HoldingsChannel.com reports. The firm acquired 9,892 shares of the company’s stock, valued at approximately $557,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Aigen Investment Management LP boosted its stake in Carrier Global by 0.3% in the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock worth $2,603,000 after buying an additional 166 shares during the last quarter. Advisory Alpha LLC increased its stake in shares of Carrier Global by 2.9% during the 4th quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock valued at $319,000 after acquiring an additional 171 shares during the last quarter. Texas Bank & Trust Co lifted its holdings in shares of Carrier Global by 1.3% during the 1st quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock worth $742,000 after acquiring an additional 175 shares during the period. Advisor OS LLC lifted its holdings in shares of Carrier Global by 0.8% during the 4th quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after acquiring an additional 178 shares during the period. Finally, Personal CFO Solutions LLC lifted its holdings in shares of Carrier Global by 0.7% during the 1st quarter. Personal CFO Solutions LLC now owns 24,671 shares of the company’s stock worth $1,389,000 after acquiring an additional 181 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Trading Up 2.4%

Shares of CARR stock opened at $61.36 on Friday. The stock has a market cap of $50.97 billion, a price-to-earnings ratio of 42.61, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. The company has a quick ratio of 0.75, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. The firm’s 50 day moving average price is $68.54 and its two-hundred day moving average price is $63.49.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $6.02 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, analysts anticipate that Carrier Global Corporation will post 2.88 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio is 66.67%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CARR shares. Robert W. Baird boosted their target price on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Mizuho increased their price target on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Argus boosted their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Morgan Stanley increased their target price on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Finally, 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. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.67.

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.