Cullinan Associates Inc. Has $1.62 Million Stake in Carrier Global Corporation $CARR

Posted by Brenda Bartman on Jul 12th, 2026

Cullinan Associates Inc. increased its stake in shares of Carrier Global Corporation (NYSE:CARR – Free Report) by 218.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,700 shares of the company’s stock after purchasing an additional 19,700 shares during the quarter. Cullinan Associates Inc.’s holdings in Carrier Global were worth $1,616,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Fifth Third Bancorp boosted its holdings in Carrier Global by 319.7% in the first quarter. Fifth Third Bancorp now owns 436,636 shares of the company’s stock valued at $24,587,000 after acquiring an additional 332,590 shares during the last quarter. Candriam S.C.A. boosted its stake in shares of Carrier Global by 194.1% in the 1st quarter. Candriam S.C.A. now owns 203,948 shares of the company’s stock valued at $11,484,000 after purchasing an additional 134,590 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Carrier Global by 4.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 31,069 shares of the company’s stock worth $1,749,000 after buying an additional 1,320 shares during the period. Manning & Napier Advisors LLC lifted its holdings in Carrier Global by 172.8% in the first quarter. Manning & Napier Advisors LLC now owns 13,492 shares of the company’s stock valued at $760,000 after buying an additional 8,546 shares during the period. Finally, Carmel Capital Partners LLC grew its holdings in Carrier Global by 1.9% during the 1st quarter. Carmel Capital Partners LLC now owns 51,791 shares of the company’s stock worth $2,916,000 after acquiring an additional 981 shares during the period. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CARR shares. Citigroup upped their price objective on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a report on Friday, May 1st. Evercore boosted their price objective on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Mizuho increased their target price on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Wells Fargo & Company upped their price objective on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Finally, Royal Bank Of Canada boosted their target price on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $73.46.

Read Our Latest Stock Report on CARR

Carrier Global Stock Up 2.4%

Shares of Carrier Global stock traded up $1.60 during trading on Friday, reaching $69.41. The stock had a trading volume of 5,640,872 shares, compared to its average volume of 5,006,579. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $57.65 billion, a price-to-earnings ratio of 45.67, a P/E/G ratio of 2.78 and a beta of 1.31. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The stock has a fifty day moving average price of $68.04 and a two-hundred day moving average price of $62.09.

Carrier Global (NYSE:CARR – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Sell-side analysts predict that Carrier Global Corporation will post 2.79 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s payout ratio is presently 63.16%.

About Carrier Global

(Free Report)

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.