Carrier Global Corporation $CARR Shares Acquired by Professional Advisory Services Inc.

Professional Advisory Services Inc. boosted its holdings in Carrier Global Corporation (NYSE:CARR) by 22.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 370,360 shares of the company’s stock after acquiring an additional 68,547 shares during the period. Carrier Global accounts for about 2.4% of Professional Advisory Services Inc.’s portfolio, making the stock its 24th largest holding. Professional Advisory Services Inc.’s holdings in Carrier Global were worth $20,318,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new position in shares of Carrier Global during the 2nd quarter worth $590,759,000. Bank of America Corp DE purchased a new stake in Carrier Global in the 2nd quarter valued at about $572,908,000. Dimensional Fund Advisors LP lifted its position in Carrier Global by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company’s stock valued at $354,188,000 after buying an additional 246,723 shares during the last quarter. Legal & General Group Plc acquired a new position in Carrier Global in the second quarter valued at about $322,366,000. Finally, Primecap Management Co. CA purchased a new position in Carrier Global during the second quarter worth about $283,585,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Up 1.5%

Shares of CARR traded up $0.83 during mid-day trading on Thursday, hitting $55.83. 4,950,418 shares of the company’s stock were exchanged, compared to its average volume of 6,806,182. The stock’s 50-day moving average is $58.68 and its 200-day moving average is $62.92. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. The company has a market cap of $46.02 billion, a price-to-earnings ratio of 38.77, a P/E/G ratio of 1.92 and a beta of 1.29.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, sell-side analysts anticipate that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $0.96 annualized dividend and a yield of 1.7%. Carrier Global’s dividend payout ratio (DPR) is 66.67%.

Analyst Upgrades and Downgrades

CARR has been the topic of a number of research analyst reports. Sanford C. Bernstein reduced their price target on shares of Carrier Global from $78.00 to $64.00 and set a “market perform” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Carrier Global from $71.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, September 30th. Wells Fargo & Company assumed coverage on shares of Carrier Global in a report on Thursday, September 24th. They issued an “overweight” rating and a $67.00 target price for the company. Wolfe Research reissued an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a research report on Thursday, July 9th. Finally, Citigroup upped their price target on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.27.

About Carrier Global

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.