Krilogy Financial LLC lifted its position in Carrier Global Corporation (NYSE:CARR – Free Report) by 285.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,846 shares of the company’s stock after buying an additional 12,480 shares during the quarter. Krilogy Financial LLC’s holdings in Carrier Global were worth $934,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Forvis Mazars Wealth Advisors LLC raised its stake in Carrier Global by 38.7% during the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 28,206 shares of the company’s stock valued at $1,547,000 after purchasing an additional 7,870 shares during the period. Downshift Financial LLC lifted its holdings in shares of Carrier Global by 69.5% in the third quarter. Downshift Financial LLC now owns 517 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in shares of Carrier Global by 32.2% in the third quarter. NorthCrest Asset Manangement LLC now owns 98,165 shares of the company’s stock valued at $5,385,000 after purchasing an additional 23,922 shares in the last quarter. Armstrong Advisory Group Inc. boosted its position in shares of Carrier Global by 43.9% in the third quarter. Armstrong Advisory Group Inc. now owns 938 shares of the company’s stock worth $51,000 after buying an additional 286 shares during the period. Finally, Jacobs & Co. CA boosted its position in shares of Carrier Global by 23.4% in the third quarter. Jacobs & Co. CA now owns 201,222 shares of the company’s stock worth $11,039,000 after buying an additional 38,131 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.
Carrier Global Stock Down 0.1%
CARR traded down $0.06 on Friday, reaching $54.90. 6,567,312 shares of the company traded hands, compared to its average volume of 6,263,893. The company has a market cap of $45.26 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 1.88 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The stock’s 50 day moving average price is $57.60 and its 200-day moving average price is $62.79. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $76.76.
Carrier Global (NYSE:CARR – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, sell-side analysts expect that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.
Carrier Global Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Thursday, October 29th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.7%. Carrier Global’s dividend payout ratio is 66.67%.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on CARR shares. Zacks Research downgraded Carrier Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. JPMorgan Chase & Co. assumed coverage on Carrier Global in a research report on Friday, October 9th. They set a “neutral” rating and a $61.00 price target on the stock. Wolfe Research reissued an “outperform” rating and issued a $80.00 price objective on shares of Carrier Global in a research note on Thursday, July 9th. Mizuho decreased their price objective on Carrier Global from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Royal Bank Of Canada decreased their price objective on Carrier Global from $82.00 to $72.00 and set an “outperform” rating for the company in a research report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.43.
Get Our Latest Report on Carrier Global
About Carrier Global
Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.
Carrier also provides refrigeration products and services for food retail, transportation and other applications.
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