Lecap Asset Management Ltd. Takes Position in Carrier Global Corporation $CARR

Lecap Asset Management Ltd. acquired a new position in Carrier Global Corporation (NYSE:CARR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,064 shares of the company’s stock, valued at approximately $796,000.

Several other large investors have also added to or reduced their stakes in CARR. Ironwood Investment Counsel LLC increased its stake in Carrier Global by 4.6% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock valued at $244,000 after buying an additional 181 shares during the last quarter. Code Waechter LLC boosted its stake in shares of Carrier Global by 5.0% during the 4th quarter. Code Waechter LLC now owns 3,983 shares of the company’s stock worth $210,000 after buying an additional 189 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of Carrier Global by 13.7% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,586 shares of the company’s stock valued at $84,000 after acquiring an additional 191 shares in the last quarter. Diversified Trust Co increased its position in shares of Carrier Global by 1.1% in the third quarter. Diversified Trust Co now owns 17,444 shares of the company’s stock valued at $1,041,000 after acquiring an additional 194 shares during the last quarter. Finally, World Investment Advisors increased its position in shares of Carrier Global by 2.4% in the third quarter. World Investment Advisors now owns 8,517 shares of the company’s stock valued at $508,000 after acquiring an additional 199 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Carrier Global stock opened at $61.26 on Monday. The company has a market capitalization of $51.18 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 2.50 and a beta of 1.32. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The stock’s 50 day moving average is $60.31 and its 200-day moving average is $57.49.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts expect that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) is currently 56.14%.

Analyst Upgrades and Downgrades

CARR has been the subject of several recent research reports. Royal Bank Of Canada reduced their price target on Carrier Global from $74.00 to $68.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Argus boosted their price target on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Morgan Stanley set a $55.00 price objective on Carrier Global in a research note on Thursday, January 8th. BNP Paribas Exane began coverage on Carrier Global in a report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective for the company. Finally, CICC Research decreased their target price on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Thirteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and an average price target of $69.79.

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.