48,379 Shares in Carrier Global Corporation $CARR Purchased by Gator Capital Management LLC

Gator Capital Management LLC purchased a new position in Carrier Global Corporation (NYSE:CARR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,379 shares of the company’s stock, valued at approximately $2,556,000.

A number of other institutional investors also recently bought and sold shares of CARR. Norges Bank bought a new position in Carrier Global in the fourth quarter worth about $380,299,000. Capital International Investors raised its stake in Carrier Global by 6.7% in the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after buying an additional 3,630,524 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Carrier Global by 506.1% in the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock worth $249,977,000 after buying an additional 3,496,372 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Carrier Global by 461.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after buying an additional 2,022,136 shares in the last quarter. Finally, PineStone Asset Management Inc. raised its stake in Carrier Global by 34.6% in the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock worth $377,987,000 after buying an additional 1,837,985 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Morgan Stanley increased their price target on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. BNP Paribas Exane started coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target for the company. Argus lifted 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. Finally, Evercore lifted their price target on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.09.

Carrier Global Stock Up 0.1%

NYSE:CARR opened at $69.84 on Friday. The firm has a market cap of $58.01 billion, a P/E ratio of 45.95, a P/E/G ratio of 2.80 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. 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 50-day simple moving average of $63.70 and a two-hundred day simple moving average of $59.63.

Carrier Global (NYSE:CARR) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. Carrier Global’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts predict that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be paid a $0.24 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. Carrier Global’s 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.