ProShare Advisors LLC Grows Position in Carrier Global Corporation $CARR

ProShare Advisors LLC raised its holdings in Carrier Global Corporation (NYSE:CARR) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 146,030 shares of the company’s stock after acquiring an additional 10,609 shares during the period. ProShare Advisors LLC’s holdings in Carrier Global were worth $7,716,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Warner Group LLC purchased a new stake in shares of Carrier Global in the 4th quarter valued at about $238,000. Gamco Investors INC. ET AL raised its holdings in shares of Carrier Global by 3.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 94,785 shares of the company’s stock valued at $5,008,000 after acquiring an additional 3,250 shares in the last quarter. Gabelli Funds LLC raised its holdings in shares of Carrier Global by 16.5% in the 4th quarter. Gabelli Funds LLC now owns 63,900 shares of the company’s stock valued at $3,376,000 after acquiring an additional 9,072 shares in the last quarter. North Dakota State Investment Board purchased a new stake in shares of Carrier Global in the 4th quarter valued at about $1,437,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of Carrier Global in the 4th quarter valued at about $139,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $62.23 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $51.68 billion, a PE ratio of 40.94, a price-to-earnings-growth ratio of 2.53 and a beta of 1.38. The business’s 50-day moving average price is $60.64 and its 200-day moving average price is $58.37. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. The firm had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Sell-side analysts forecast that Carrier Global Corporation will post 2.8 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, May 4th. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CARR shares. JPMorgan Chase & Co. raised their price target on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Evercore raised their price target on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Argus increased their price objective on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Wolfe Research increased their price objective on Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Finally, Rothschild & Co Redburn increased their price objective on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.78.

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.