25,835 Carrier Global Corporation $CARR Shares Acquired by Lipe & Dalton

Lipe & Dalton lifted its holdings in Carrier Global Corporation (NYSE:CARR) by 185.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,797 shares of the company’s stock after acquiring an additional 25,835 shares during the quarter. Lipe & Dalton’s holdings in Carrier Global were worth $2,183,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mather Group LLC. boosted its stake in Carrier Global by 27.5% in the third quarter. Mather Group LLC. now owns 13,360 shares of the company’s stock worth $733,000 after purchasing an additional 2,883 shares in the last quarter. Adirondack Trust Co. increased its stake in shares of Carrier Global by 59.9% in the third quarter. Adirondack Trust Co. now owns 4,658 shares of the company’s stock valued at $256,000 after buying an additional 1,745 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in shares of Carrier Global by 528.5% in the third quarter. First Citizens Bank & Trust Co. now owns 40,866 shares of the company’s stock valued at $2,242,000 after buying an additional 34,364 shares in the last quarter. MFA Wealth Services raised its holdings in shares of Carrier Global by 4.6% in the third quarter. MFA Wealth Services now owns 5,450 shares of the company’s stock valued at $299,000 after buying an additional 242 shares during the last quarter. Finally, ProCore Advisors LLC raised its holdings in shares of Carrier Global by 13.5% in the third quarter. ProCore Advisors LLC now owns 3,903 shares of the company’s stock valued at $214,000 after buying an additional 465 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Carrier Global from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $74.00 to $61.00 in a research report on Wednesday. Wolfe Research restated an “outperform” rating and issued a $80.00 price objective on shares of Carrier Global in a research report on Thursday, July 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. Sanford C. Bernstein dropped their target price on shares of Carrier Global from $78.00 to $64.00 and set a “market perform” rating for the company in a research note on Wednesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Carrier Global from $71.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, September 30th. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.71.

Carrier Global Stock Down 1.5%

Shares of CARR opened at $54.21 on Thursday. The business’s fifty day moving average price is $57.96 and its two-hundred day moving average price is $62.84. The firm has a market capitalization of $44.68 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 1.88 and a beta of 1.29. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. 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 (NYSE:CARR) last released its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, analysts predict that Carrier Global Corporation will post 2.87 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently declared 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 is Thursday, October 29th. This represents a $0.96 annualized dividend and a yield of 1.8%. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

Carrier Global Profile

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.