Corient Private Wealth LLC Raises Position in Carrier Global Corporation $CARR

Corient Private Wealth LLC increased its position in Carrier Global Corporation (NYSE:CARR) by 12.8% in the fourth quarter, HoldingsChannel reports. The firm owned 449,482 shares of the company’s stock after purchasing an additional 50,847 shares during the quarter. Corient Private Wealth LLC’s holdings in Carrier Global were worth $23,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Auto Owners Insurance Co boosted its holdings in shares of Carrier Global by 5,184.0% during the 4th quarter. Auto Owners Insurance Co now owns 675,665 shares of the company’s stock valued at $3,570,000 after buying an additional 662,878 shares in the last quarter. Union Savings Bank bought a new position in shares of Carrier Global in the 4th quarter worth about $59,000. Hsbc Holdings PLC increased its stake in shares of Carrier Global by 26.7% in the 4th quarter. Hsbc Holdings PLC now owns 1,649,655 shares of the company’s stock worth $87,339,000 after acquiring an additional 347,955 shares in the last quarter. SHP Wealth Management bought a new position in shares of Carrier Global in the 4th quarter worth about $563,000. Finally, Reflection Asset Management purchased a new position in Carrier Global during the 4th quarter valued at about $41,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on CARR shares. Mizuho boosted their price target on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. BNP Paribas Exane started coverage on Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective for the company. Citigroup lifted their price objective on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Robert W. Baird boosted their target price on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their target price on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Twelve analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $74.09.

Carrier Global Stock Performance

Shares of CARR opened at $71.86 on Tuesday. The business has a 50-day simple moving average of $65.40 and a two-hundred day simple moving average of $60.41. 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 Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The stock has a market cap of $59.68 billion, a price-to-earnings ratio of 47.27, a PEG ratio of 2.88 and a beta of 1.34.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The company 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 firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts expect that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Announces Dividend

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 given a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.3%. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

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.