Cambient Family Office LLC Makes New $2.98 Million Investment in Carrier Global Corporation $CARR

Cambient Family Office LLC acquired a new position in shares of Carrier Global Corporation (NYSE:CARR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 56,417 shares of the company’s stock, valued at approximately $2,981,000.

Other large investors have also modified their holdings of the company. Becker Capital Management Inc. raised its position in shares of Carrier Global by 5.6% during the 3rd quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock worth $25,405,000 after purchasing an additional 22,377 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Carrier Global by 6.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock valued at $59,586,000 after buying an additional 72,906 shares during the last quarter. Y.D. More Investments Ltd purchased a new position in Carrier Global during the fourth quarter worth $1,556,000. Cardinal Capital Management Inc. increased its position in Carrier Global by 11.3% during the fourth quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock worth $21,675,000 after buying an additional 41,647 shares in the last quarter. Finally, Canoe Financial LP raised its holdings in shares of Carrier Global by 607.5% in the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock worth $63,146,000 after acquiring an additional 1,026,147 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Up 3.5%

Shares of Carrier Global stock opened at $71.92 on Friday. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The business’s fifty day moving average is $64.92 and its two-hundred day moving average is $60.15. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. The firm has a market cap of $59.74 billion, a PE ratio of 47.32, a P/E/G ratio of 2.79 and a beta of 1.34.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the previous year, the business earned $0.65 EPS. The firm’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. Analysts anticipate that Carrier Global Corporation will post 2.78 earnings per share for the current year.

Carrier Global Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CARR. JPMorgan Chase & Co. upped their price objective on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. The Goldman Sachs Group lifted their price objective on Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Citigroup boosted 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. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Robert W. Baird raised their price target on shares of Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.09.

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.