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

ExodusPoint Capital Management LP boosted its holdings in Carrier Global Corporation (NYSE:CARR) by 35.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 827,872 shares of the company’s stock after acquiring an additional 215,651 shares during the quarter. Carrier Global accounts for about 0.3% of ExodusPoint Capital Management LP’s investment portfolio, making the stock its 25th biggest position. ExodusPoint Capital Management LP’s holdings in Carrier Global were worth $43,745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Becker Capital Management Inc. boosted its position in Carrier Global by 5.6% in the third quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock valued at $25,405,000 after buying an additional 22,377 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Carrier Global by 6.9% in the fourth 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 in the last quarter. Y.D. More Investments Ltd acquired a new position in Carrier Global in the fourth quarter valued at about $1,556,000. Cardinal Capital Management Inc. boosted its position in Carrier Global by 11.3% in the fourth quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock valued at $21,675,000 after buying an additional 41,647 shares in the last quarter. Finally, Canoe Financial LP boosted its position in Carrier Global by 607.5% in the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock valued at $63,146,000 after buying an additional 1,026,147 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Argus boosted their price target on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Evercore boosted their price target on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Rothschild & Co Redburn boosted their price target on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Sanford C. Bernstein initiated coverage on shares of Carrier Global in a research report on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 price target on the stock. Finally, Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Twelve research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $74.09.

Carrier Global Trading Up 0.1%

Shares of NYSE CARR opened at $71.21 on Wednesday. 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 fifty-two week low of $50.24 and a fifty-two week high of $81.09. The firm has a market capitalization of $59.15 billion, a P/E ratio of 46.85, a P/E/G ratio of 2.85 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the business posted $0.65 earnings per share. Carrier Global’s revenue was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts predict that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Dividend Announcement

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 issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio is currently 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.