Carrier Global Corporation $CARR Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in Carrier Global Corporation (NYSE:CARR) by 6.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,101,860 shares of the company’s stock after buying an additional 134,085 shares during the period. Sei Investments Co.’s holdings in Carrier Global were worth $118,356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Aigen Investment Management LP increased its position in Carrier Global by 0.3% in the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after acquiring an additional 166 shares during the period. Advisory Alpha LLC lifted its position in Carrier Global by 2.9% during the 4th quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after acquiring an additional 171 shares during the period. Texas Bank & Trust Co lifted its position in Carrier Global by 1.3% during the 1st quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock worth $742,000 after acquiring an additional 175 shares during the period. Advisor OS LLC grew its stake in shares of Carrier Global by 0.8% in the 4th quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after purchasing an additional 178 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its stake in shares of Carrier Global by 0.7% in the 1st quarter. Personal CFO Solutions LLC now owns 24,671 shares of the company’s stock valued at $1,389,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CARR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a report on Monday. Sanford C. Bernstein began coverage on Carrier Global in a report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 price target for the company. Morgan Stanley lifted their price objective on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Wells Fargo & Company boosted their price objective on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Finally, Robert W. Baird upped their price objective on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.51.

Carrier Global Stock Performance

NYSE CARR opened at $69.20 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 business’s 50 day moving average is $68.42 and its two-hundred day moving average is $63.12. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The stock has a market capitalization of $57.47 billion, a price-to-earnings ratio of 45.53, a PEG ratio of 2.73 and a beta of 1.31.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Research analysts expect that Carrier Global Corporation will post 2.79 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a $0.24 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.4%. Carrier Global’s dividend payout ratio is presently 63.16%.

Carrier Global Profile

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.