MAI Capital Management Boosts Holdings in Carrier Global Corporation $CARR

MAI Capital Management grew its position in Carrier Global Corporation (NYSE:CARR) by 30.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 61,905 shares of the company’s stock after purchasing an additional 14,532 shares during the period. MAI Capital Management’s holdings in Carrier Global were worth $3,696,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC increased its position in Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after buying an additional 1,850 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Carrier Global by 51.5% during the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after acquiring an additional 23,200 shares in the last quarter. United Bank raised its position in shares of Carrier Global by 41.2% in the 2nd quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after purchasing an additional 4,956 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in Carrier Global by 33.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after purchasing an additional 4,277 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Carrier Global in the 2nd quarter worth approximately $276,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CARR. The Goldman Sachs Group upped their price target on shares of Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Mizuho lowered their price target on Carrier Global from $75.00 to $67.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Morgan Stanley set a $55.00 price objective on Carrier Global in a report on Thursday, January 8th. Wolfe Research lifted their target price on Carrier Global from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Zacks Research downgraded shares of Carrier Global from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.82.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $64.43 on Friday. The stock has a market capitalization of $53.85 billion, a P/E ratio of 37.68, a PEG ratio of 2.52 and a beta of 1.33. The business has a 50 day simple moving average of $58.74 and a two-hundred day simple moving average of $58.74. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85.

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

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Tuesday, January 20th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, January 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is presently 56.14%.

About Carrier Global

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.