Union Square Park Capital Management LLC Purchases New Position in Carrier Global Corporation $CARR

Union Square Park Capital Management LLC bought a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $1,321,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp bought a new position in Carrier Global in the 3rd quarter worth $25,000. YANKCOM Partnership increased its stake in 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 in the last quarter. Torren Management LLC purchased a new stake in Carrier Global in the 4th quarter worth $25,000. Global Wealth Strategies & Associates increased its stake in Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after buying an additional 300 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after buying an additional 427 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Evercore increased their price target on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their target price on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Citigroup raised their target price on shares of Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company raised their target price on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Finally, Mizuho raised their target price on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and an average target price of $74.09.

Carrier Global Stock Performance

CARR opened at $71.21 on Wednesday. The stock has a market capitalization of $59.15 billion, a price-to-earnings ratio of 46.85, a PEG ratio of 2.85 and a beta of 1.34. The company has a fifty day moving average of $64.32 and a 200 day moving average of $59.93. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same period last year, the company posted $0.65 EPS. The business’s revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, sell-side analysts forecast that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

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.