Carrier Global Corporation (CARR) to Distribute Quarterly Dividend of $0.24 on November 18th

Carrier Global Corporation (NYSE:CARR) announced a quarterly dividend on Wednesday, October 7th. Shareholders of record on Thursday, October 29th will be paid a dividend of $0.24 per share on Wednesday, November 18th. This represents a $0.96 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, October 29th.

Carrier Global has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 4 years. Carrier Global has a payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Carrier Global to earn $3.26 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 29.4%.

Carrier Global Price Performance

CARR opened at $55.83 on Friday. The stock has a 50-day moving average price of $58.68 and a 200-day moving average price of $62.92. Carrier Global has a 12-month low of $50.24 and a 12-month high of $76.76. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $46.02 billion, a P/E ratio of 38.77, a PEG ratio of 1.88 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 the consensus estimate of $0.82 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts predict that Carrier Global will post 2.87 earnings per share for the current fiscal year.

Institutional Trading of Carrier Global

Several hedge funds and other institutional investors have recently bought and sold shares of CARR. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Carrier Global by 36.4% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 300,288 shares of the company’s stock worth $16,474,000 after purchasing an additional 80,088 shares during the last quarter. Diversified Management Inc. bought a new stake in Carrier Global during the 3rd quarter valued at $2,356,000. Professional Advisory Services Inc. raised its holdings in Carrier Global by 22.7% during the 3rd quarter. Professional Advisory Services Inc. now owns 370,360 shares of the company’s stock valued at $20,318,000 after buying an additional 68,547 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Carrier Global by 69.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 37,815 shares of the company’s stock valued at $2,075,000 after buying an additional 15,490 shares during the period. Finally, CoreCap Advisors LLC boosted its position in Carrier Global by 109.7% during the 3rd quarter. CoreCap Advisors LLC now owns 3,211 shares of the company’s stock valued at $176,000 after buying an additional 1,680 shares during the period. Institutional investors own 91.00% of the company’s stock.

About Carrier Global

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.