Wesbanco Bank Inc. Has $11.76 Million Stock Position in Carrier Global Corporation $CARR

Wesbanco Bank Inc. increased its holdings in Carrier Global Corporation (NYSE:CARRFree Report) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,860 shares of the company’s stock after acquiring an additional 7,301 shares during the period. Wesbanco Bank Inc.’s holdings in Carrier Global were worth $11,761,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. GHP Investment Advisors Inc. grew its stake in Carrier Global by 136.4% during the 1st quarter. GHP Investment Advisors Inc. now owns 1,409 shares of the company’s stock valued at $79,000 after acquiring an additional 813 shares in the last quarter. Grey Ledge Advisors LLC lifted its position in shares of Carrier Global by 7.4% in the first quarter. Grey Ledge Advisors LLC now owns 5,222 shares of the company’s stock worth $294,000 after purchasing an additional 358 shares in the last quarter. Pegasus Asset Management Inc. boosted its holdings in shares of Carrier Global by 2.1% during the first quarter. Pegasus Asset Management Inc. now owns 89,491 shares of the company’s stock worth $5,039,000 after purchasing an additional 1,859 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Carrier Global during the first quarter worth approximately $2,252,000. Finally, Kestra Private Wealth Services LLC grew its position in Carrier Global by 8.1% during the first quarter. Kestra Private Wealth Services LLC now owns 31,498 shares of the company’s stock valued at $1,774,000 after purchasing an additional 2,348 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

NYSE CARR opened at $73.56 on Friday. The stock’s 50-day moving average is $66.28 and its two-hundred day moving average is $60.90. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The firm has a market cap of $61.09 billion, a P/E ratio of 48.39, a price-to-earnings-growth ratio of 3.05 and a beta of 1.34.

Carrier Global (NYSE:CARRGet Free Report) last issued 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. The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts anticipate that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.3%. Carrier Global’s dividend payout ratio is presently 63.16%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price target on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Mizuho upped their price target on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Barclays lifted their price objective on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Evercore boosted their target price on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.09.

Check Out Our Latest Stock Report on Carrier Global

Carrier Global Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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