Sage Investment Advisers LLC Invests $544,000 in Carrier Global Corporation $CARR

Sage Investment Advisers LLC acquired a new position in Carrier Global Corporation (NYSE:CARR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,300 shares of the company’s stock, valued at approximately $544,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. KERR FINANCIAL PLANNING Corp bought a new stake in Carrier Global in the 3rd quarter worth about $25,000. YANKCOM Partnership increased its stake in Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after buying an additional 208 shares during the last quarter. Torren Management LLC bought a new position in shares of Carrier Global during the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates boosted its stake in shares of Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after buying an additional 300 shares during the last quarter. Finally, True Wealth Design LLC boosted its stake in shares of Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after buying an additional 427 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on CARR shares. The Goldman Sachs Group increased their price target on Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Royal Bank Of Canada boosted their price objective on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Weiss Ratings upgraded Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Wolfe Research lifted their target price on Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $74.04.

Carrier Global Stock Up 0.1%

CARR opened at $63.92 on Monday. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. The stock has a market cap of $53.09 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 2.56 and a beta of 1.34. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The company’s 50-day moving average price is $61.48 and its two-hundred day moving average price is $58.64.

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 return on equity of 14.81% and a net margin of 5.99%.The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the company earned $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. As a group, equities analysts expect that Carrier Global Corporation will post 2.78 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 4th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, May 4th. Carrier Global’s dividend payout ratio is 63.16%.

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.