Carrier Global Corporation $CARR Shares Purchased by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. lifted its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 110.3% during the third quarter, HoldingsChannel reports. The firm owned 34,589 shares of the company’s stock after purchasing an additional 18,144 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Carrier Global were worth $1,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Van Hulzen Asset Management LLC bought a new position in shares of Carrier Global during the 2nd quarter valued at approximately $1,992,000. Cardinal Capital Management Inc. increased its stake in shares of Carrier Global by 7.1% during the 2nd quarter. Cardinal Capital Management Inc. now owns 575,335 shares of the company’s stock worth $42,201,000 after purchasing an additional 37,934 shares during the last quarter. Reynders McVeigh Capital Management LLC raised its holdings in shares of Carrier Global by 3.0% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 918,219 shares of the company’s stock worth $67,351,000 after purchasing an additional 27,061 shares during the period. Avity Investment Management Inc. raised its holdings in shares of Carrier Global by 33.9% in the 2nd quarter. Avity Investment Management Inc. now owns 194,484 shares of the company’s stock worth $14,265,000 after purchasing an additional 49,260 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Carrier Global by 1.5% in the 1st quarter. California Public Employees Retirement System now owns 1,430,425 shares of the company’s stock worth $80,547,000 after purchasing an additional 21,367 shares during the period. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $54.21 on Thursday. The firm has a market capitalization of $44.68 billion, a PE ratio of 37.64, a P/E/G ratio of 1.88 and a beta of 1.29. 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 50-day moving average price of $57.96 and a two-hundred day moving average price of $62.84. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $6.02 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. 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. Equities analysts forecast that Carrier Global Corporation will post 2.87 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, October 29th. Carrier Global’s payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CARR shares. Wolfe Research reiterated an “outperform” rating and issued a $80.00 price objective on shares of Carrier Global in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft decreased their target price on Carrier Global from $71.00 to $64.00 and set a “hold” rating for the company 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 target price on the stock. Zacks Research lowered Carrier Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. Finally, Sanford C. Bernstein dropped their price target on Carrier Global from $78.00 to $64.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 7th. Eleven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.71.

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.