Carrier Global Corporation $CARR Shares Sold by Bornite Capital Management LP

Bornite Capital Management LP cut its stake in Carrier Global Corporation (NYSE:CARR) by 40.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 300,000 shares of the company’s stock after selling 200,000 shares during the quarter. Carrier Global comprises approximately 1.5% of Bornite Capital Management LP’s investment portfolio, making the stock its 21st biggest position. Bornite Capital Management LP’s holdings in Carrier Global were worth $15,852,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Carrier Global in the 3rd quarter worth $25,000. YANKCOM Partnership increased its stake 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 acquiring an additional 208 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Carrier Global in the 4th quarter worth $25,000. Global Wealth Strategies & Associates increased its stake in shares of 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 acquiring an additional 300 shares during the last quarter. Finally, True Wealth Design LLC increased its stake in shares of 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 acquiring an additional 427 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Up 0.1%

Shares of NYSE:CARR opened at $69.84 on Friday. The business has a 50-day moving average price of $63.70 and a 200 day moving average price of $59.63. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $58.01 billion, a price-to-earnings ratio of 45.95, a PEG ratio of 2.81 and a beta of 1.34. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09.

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

Carrier Global Announces Dividend

The firm also recently disclosed 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 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%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Mizuho raised their target price on Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Morgan Stanley raised their target price on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Rothschild & Co Redburn raised their target price on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Robert W. Baird raised their target price on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their price objective on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Twelve equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus target price of $74.09.

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.