Carrier Global Corporation $CARR Position Lessened by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in shares of Carrier Global Corporation (NYSE:CARR) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,126,207 shares of the company’s stock after selling 246,936 shares during the quarter. Vanguard Group Inc. owned about 11.06% of Carrier Global worth $5,559,635,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CARR. AdvisorShares Investments LLC acquired a new stake in shares of Carrier Global in the 2nd quarter worth about $25,000. Winnow Wealth LLC acquired a new position in Carrier Global during the 2nd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Carrier Global in the 2nd quarter worth about $26,000. Clayton Financial Group LLC acquired a new stake in shares of Carrier Global in the third quarter valued at approximately $26,000. Finally, Traub Capital Management LLC bought a new stake in shares of Carrier Global during the second quarter valued at approximately $27,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Performance

NYSE:CARR opened at $66.46 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average of $57.11 and a 200-day moving average of $58.79. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The firm has a market cap of $55.55 billion, a price-to-earnings ratio of 38.87, a price-to-earnings-growth ratio of 2.62 and a beta of 1.33.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The company’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global announced that its board has initiated a stock buyback program on Tuesday, October 28th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 10.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Carrier Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Tuesday, January 20th were issued a dividend of $0.24 per share. This is a positive change from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, January 20th. Carrier Global’s dividend payout ratio (DPR) is currently 56.14%.

Analyst Ratings Changes

CARR has been the subject of a number of recent analyst reports. Argus increased their price objective on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Citigroup raised their price target on Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 6th. Oppenheimer reaffirmed a “market perform” rating on shares of Carrier Global in a report on Wednesday, October 29th. Wells Fargo & Company raised their target price on shares of Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Finally, Royal Bank Of Canada upped their price target on shares of Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.60.

Carrier Global 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.