Fifth Third Bancorp raised its position in shares of Carrier Global Corporation (NYSE:CARR – Free Report) by 319.7% in the first quarter, Holdings Channel reports. The firm owned 436,636 shares of the company’s stock after buying an additional 332,590 shares during the period. Fifth Third Bancorp’s holdings in Carrier Global were worth $24,587,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. KERR FINANCIAL PLANNING Corp bought a new position in Carrier Global during the third quarter valued at approximately $25,000. YANKCOM Partnership grew its position in Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after acquiring an additional 208 shares in the last quarter. Torren Management LLC acquired a new position in shares of Carrier Global during the 4th quarter worth $25,000. Global Wealth Strategies & Associates increased its stake in shares of Carrier Global by 150.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 300 shares during the last quarter. Finally, True Wealth Design LLC raised its holdings in Carrier Global by 723.7% during the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after buying an additional 427 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently commented on CARR. Rothschild & Co Redburn lifted their target price on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Argus upped their price target on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings raised Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Wolfe Research reiterated an “outperform” rating and issued a $80.00 price objective on shares of Carrier Global in a research note on Thursday. Finally, Mizuho lifted their price objective on Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.51.
Carrier Global Stock Down 1.0%
Shares of CARR opened at $68.64 on Tuesday. 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 company has a 50-day moving average price of $68.07 and a two-hundred day moving average price of $62.26. The stock has a market cap of $57.01 billion, a price-to-earnings ratio of 45.16, a P/E/G ratio of 2.78 and a beta of 1.31. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09.
Carrier Global (NYSE:CARR – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The company had revenue of $5.34 billion during 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 revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts predict that Carrier Global Corporation will post 2.79 EPS for the current fiscal year.
Carrier Global Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. 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.
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