35,484 Carrier Global Corporation $CARR Shares Bought by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC grew its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 14.2% during the third quarter, Holdings Channel reports. The firm owned 285,997 shares of the company’s stock after purchasing an additional 35,484 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Carrier Global were worth $15,790,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CARR. Hoese & Co LLP boosted its stake in shares of Carrier Global by 250.0% in the third quarter. Hoese & Co LLP now owns 700 shares of the company’s stock valued at $38,000 after purchasing an additional 500 shares during the period. Hartford Financial Management Inc. increased its stake in Carrier Global by 16.6% during the 3rd quarter. Hartford Financial Management Inc. now owns 12,883 shares of the company’s stock worth $707,000 after buying an additional 1,833 shares during the period. Arwa LLC increased its stake in Carrier Global by 11.5% during the 3rd quarter. Arwa LLC now owns 19,588 shares of the company’s stock worth $1,078,000 after buying an additional 2,018 shares during the period. Axxcess Wealth Management LLC lifted its holdings in Carrier Global by 29.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 12,605 shares of the company’s stock worth $692,000 after buying an additional 2,878 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in Carrier Global by 28.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 59,873 shares of the company’s stock worth $3,285,000 after buying an additional 13,392 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the subject of several recent research reports. Wolfe Research reissued an “outperform” rating and issued a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. Wells Fargo & Company began coverage on Carrier Global in a research report on Thursday, September 24th. They set an “overweight” rating and a $67.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on Carrier Global from $71.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, September 30th. JPMorgan Chase & Co. initiated coverage on Carrier Global in a research note on Friday, October 9th. They issued a “neutral” rating and a $61.00 price objective on the stock. Finally, The Goldman Sachs Group lowered Carrier Global from a “buy” rating to a “neutral” rating and decreased their target price for the company from $74.00 to $61.00 in a report on Wednesday, October 14th. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.43.

Carrier Global Stock Up 0.4%

Shares of Carrier Global stock opened at $56.42 on Thursday. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $76.76. The company has a 50 day moving average of $57.15 and a 200 day moving average of $62.84. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $46.51 billion, a P/E ratio of 39.18, a P/E/G ratio of 1.92 and a beta of 1.29.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the prior year, the firm posted $0.92 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, research analysts forecast that Carrier Global Corporation will post 2.87 EPS 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 paid a dividend of $0.24 per share. The ex-dividend date is Thursday, October 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.7%. Carrier Global’s payout ratio is presently 66.67%.

Carrier Global Company 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, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.