Carrier Global Corporation $CARR Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of Carrier Global Corporation (NYSE:CARR) by 13.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 318,635 shares of the company’s stock after purchasing an additional 37,670 shares during the quarter. Quantinno Capital Management LP’s holdings in Carrier Global were worth $17,942,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. YANKCOM Partnership boosted its stake in Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at about $25,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Carrier Global in the fourth quarter worth about $33,000. Signature Equity Partners LLC lifted its stake in shares of Carrier Global by 449.2% in the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after buying an additional 530 shares in the last quarter. Finally, Princeton Global Asset Management LLC acquired a new position in Carrier Global during the fourth quarter worth about $39,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CARR shares. Morgan Stanley upped their price objective on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. BNP Paribas Exane initiated coverage on Carrier Global in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price target for the company. Robert W. Baird increased their price target on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Evercore lifted their price objective on Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Finally, Barclays boosted their price objective on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Stock Performance

Carrier Global stock opened at $61.95 on Monday. The firm has a 50 day simple moving average of $68.51 and a 200-day simple moving average of $63.53. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The stock has a market cap of $51.07 billion, a price-to-earnings ratio of 43.02, a price-to-earnings-growth ratio of 2.39 and a beta of 1.31.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, analysts expect that Carrier Global Corporation will post 2.88 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a $0.24 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. Carrier Global’s payout ratio is currently 66.67%.

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.