Carrier Global Corporation $CARR Stock Holdings Decreased by Vanguard Group Inc.

Vanguard Group Inc. lessened its position in Carrier Global Corporation (NYSE:CARR) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 93,126,207 shares of the company’s stock after selling 246,936 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of Carrier Global worth $5,559,635,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CARR. AdvisorShares Investments LLC acquired a new stake in shares of Carrier Global in the second quarter worth $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carrier Global during the 2nd quarter worth about $26,000. Winnow Wealth LLC purchased a new position in Carrier Global during the 2nd quarter valued at about $26,000. Traub Capital Management LLC acquired a new position in shares of Carrier Global in the 2nd quarter valued at about $27,000. Finally, Clayton Financial Group LLC purchased a new stake in shares of Carrier Global in the third quarter worth approximately $26,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Up 1.6%

CARR stock opened at $66.46 on Wednesday. The stock has a market capitalization of $55.55 billion, a price-to-earnings ratio of 38.87, a price-to-earnings-growth ratio of 2.62 and a beta of 1.33. The company has a 50-day moving average of $57.11 and a two-hundred day moving average of $58.79. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Tuesday, January 20th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, January 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.23. Carrier Global’s payout ratio is presently 56.14%.

Carrier Global declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 28th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 10.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

CARR has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. UBS Group dropped their price target on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Barclays reduced their price objective on Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft lowered their target price on Carrier Global from $70.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, October 29th. Finally, Mizuho cut their price target on Carrier Global from $75.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.60.

About Carrier Global

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.