AXQ Capital LP Takes $2.12 Million Position in Carrier Global Corporation $CARR

AXQ Capital LP bought a new stake in shares of Carrier Global Corporation (NYSE:CARR) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 40,073 shares of the company’s stock, valued at approximately $2,117,000. Carrier Global makes up approximately 0.5% of AXQ Capital LP’s portfolio, making the stock its 23rd biggest holding.

Several other hedge funds have also recently made changes to their positions in the business. Root Financial Partners LLC raised its position in Carrier Global by 46.5% in the 4th quarter. Root Financial Partners LLC now owns 1,782 shares of the company’s stock worth $94,000 after purchasing an additional 566 shares during the period. Tandem Financial LLC raised its position in Carrier Global by 17.3% in the 4th quarter. Tandem Financial LLC now owns 12,253 shares of the company’s stock worth $647,000 after purchasing an additional 1,811 shares during the period. Sage Investment Advisers LLC purchased a new stake in Carrier Global in the 4th quarter worth about $544,000. New Mexico Educational Retirement Board raised its position in Carrier Global by 1.4% in the 4th quarter. New Mexico Educational Retirement Board now owns 36,517 shares of the company’s stock worth $1,930,000 after purchasing an additional 500 shares during the period. Finally, Clear Harbor Asset Management LLC raised its position in Carrier Global by 8.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 5,104 shares of the company’s stock worth $270,000 after purchasing an additional 409 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of recent analyst reports. Wolfe Research increased their price objective on shares of Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. BNP Paribas Exane initiated coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 target price on the stock. Argus raised their target price on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Barclays raised their target price on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Mizuho raised their target price on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and an average price target of $74.04.

Carrier Global Trading Up 1.9%

Shares of NYSE:CARR opened at $65.08 on Tuesday. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The company has a market capitalization of $54.05 billion, a PE ratio of 42.81, a PEG ratio of 2.56 and a beta of 1.34. The business has a 50 day moving average of $61.60 and a two-hundred day moving average of $58.70. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76.

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

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.96 annualized dividend and a yield of 1.5%. Carrier Global’s dividend payout ratio is presently 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.