ExodusPoint Capital Management LP Purchases 215,651 Shares of Carrier Global Corporation $CARR

ExodusPoint Capital Management LP increased its position in Carrier Global Corporation (NYSE:CARR) by 35.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 827,872 shares of the company’s stock after acquiring an additional 215,651 shares during the quarter. Carrier Global comprises about 0.3% of ExodusPoint Capital Management LP’s investment portfolio, making the stock its 25th biggest position. ExodusPoint Capital Management LP owned about 0.10% of Carrier Global worth $43,745,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp bought a new position in Carrier Global in the 3rd quarter worth $25,000. Torren Management LLC bought a new position in Carrier Global in the 4th quarter worth $25,000. YANKCOM Partnership raised its holdings 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 acquiring an additional 208 shares during the period. True Wealth Design LLC raised its holdings 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 acquiring an additional 427 shares during the period. Finally, Global Wealth Strategies & Associates raised its holdings 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 acquiring an additional 300 shares during the period. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the topic of several research reports. Weiss Ratings upgraded shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Wolfe Research boosted their price objective on shares of Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. The Goldman Sachs Group boosted their price objective on shares of Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Mizuho boosted their price objective on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Finally, Citigroup boosted their price objective on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Carrier Global has an average rating of “Moderate Buy” and an average price target of $74.09.

Carrier Global Stock Performance

NYSE CARR opened at $71.21 on Wednesday. The stock has a market cap of $59.15 billion, a P/E ratio of 46.85, a PEG ratio of 2.85 and a beta of 1.34. The company’s 50-day simple moving average is $64.32 and its 200 day simple moving average is $59.93. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, research 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 announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.3%. Carrier Global’s payout ratio is presently 63.16%.

Carrier Global 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.