Wolverine Asset Management LLC Takes $1.11 Million Position in Carrier Global Corporation $CARR

Key Points

• Wolverine Asset Management acquired a new stake of 21,000 shares in Carrier during Q4 valued at approximately $1.11 million, while institutional ownership stands at about 91% and several large funds also increased their positions.
• Carrier beat the quarter with $0.57 EPS (vs. $0.51 consensus) and $5.34 billion revenue, and set FY2026 guidance at 2.8 EPS, matching sell‑side forecasts.
• The company declared a quarterly dividend of $0.24 (annualized $0.96, yield ~1.5%, DPR ~63%), and multiple analysts raised price targets leaving a consensus rating of Moderate Buy with a target near $74.14.

Wolverine Asset Management LLC acquired a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,000 shares of the company's stock, valued at approximately $1,110,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Capital International Investors boosted its stake in Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company's stock valued at $3,461,142,000 after buying an additional 3,630,524 shares in the last quarter. State Street Corp boosted its stake in Carrier Global by 1.4% during the third quarter. State Street Corp now owns 33,377,339 shares of the company's stock valued at $1,992,627,000 after buying an additional 473,692 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Carrier Global by 0.6% during the third quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company's stock valued at $903,807,000 after buying an additional 90,585 shares in the last quarter. Dodge & Cox boosted its stake in Carrier Global by 5.1% during the third quarter. Dodge & Cox now owns 13,427,697 shares of the company's stock valued at $801,634,000 after buying an additional 651,648 shares in the last quarter. Finally, PineStone Asset Management Inc. boosted its stake in Carrier Global by 34.6% during the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company's stock valued at $377,987,000 after buying an additional 1,837,985 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Trading Down 2.4%

NYSE:CARR opened at $64.28 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09. The firm has a market capitalization of $53.39 billion, a price-to-earnings ratio of 42.29, a price-to-earnings-growth ratio of 2.62 and a beta of 1.38. The stock has a fifty day simple moving average of $59.74 and a 200 day simple moving average of $57.77.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings results 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. 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 quarter last year, the company posted $0.65 EPS. Carrier Global's revenue for the quarter was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Sell-side analysts forecast that Carrier Global Corporation will post 2.8 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. Carrier Global's dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CARR shares. Royal Bank Of Canada raised their target price on shares of Carrier Global from $71.00 to $81.00 and gave the stock an "outperform" rating in a report on Friday, May 1st. The Goldman Sachs Group raised their target price on shares of Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Mizuho raised their target price on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Zacks Research upgraded shares of Carrier Global from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 7th. Finally, Evercore raised their target price on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, Carrier Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.14.

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.

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