Stoneridge Investment Partners LLC Invests $564,000 in Carrier Global Corporation $CARR

Stoneridge Investment Partners LLC purchased a new stake in Carrier Global Corporation (NYSE:CARR) in the second quarter, according to its most recent filing with the SEC. The fund purchased 9,126 shares of the company’s stock, valued at approximately $564,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp boosted its holdings in Carrier Global by 1.1% in the fourth quarter. State Street Corp now owns 33,728,829 shares of the company’s stock worth $1,782,231,000 after purchasing an additional 351,490 shares during the period. Morgan Stanley raised its holdings in shares of Carrier Global by 1.8% during the fourth quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock worth $621,264,000 after purchasing an additional 210,952 shares during the period. Norges Bank acquired a new stake in shares of Carrier Global during the fourth quarter worth $380,299,000. Fiera Capital Corp lifted its position in shares of Carrier Global by 5.3% in the 4th quarter. Fiera Capital Corp now owns 6,923,485 shares of the company’s stock worth $365,837,000 after buying an additional 348,812 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Carrier Global by 14.4% in the 1st quarter. Bank of America Corp DE now owns 6,592,682 shares of the company’s stock worth $371,234,000 after buying an additional 831,327 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CARR shares. Mizuho boosted their price objective on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Argus raised their target price on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Wolfe Research reissued an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a report on Thursday, July 9th. Zacks Research upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group upped their target price on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Stock Performance

Shares of CARR opened at $62.78 on Friday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The company has a market cap of $51.75 billion, a price-to-earnings ratio of 43.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. The firm has a fifty day moving average of $68.18 and a 200-day moving average of $64.01.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, equities analysts anticipate that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Announces Dividend

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

Carrier Global Company 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.