Stephens Inc. AR Acquires 9,439 Shares of Carrier Global Corporation $CARR

Stephens Inc. AR grew its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 13.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,403 shares of the company’s stock after buying an additional 9,439 shares during the period. Stephens Inc. AR’s holdings in Carrier Global were worth $4,143,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CARR. Capital International Investors boosted its holdings in shares of Carrier Global by 6.7% during the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after buying an additional 3,630,524 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Carrier Global by 506.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock valued at $249,977,000 after buying an additional 3,496,372 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Carrier Global by 461.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock valued at $130,003,000 after buying an additional 2,022,136 shares in the last quarter. PineStone Asset Management Inc. boosted its holdings in shares of Carrier Global by 34.6% during the 4th quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock valued at $377,987,000 after buying an additional 1,837,985 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Carrier Global by 29.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,740,099 shares of the company’s stock worth $402,384,000 after purchasing an additional 1,525,266 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CARR. JPMorgan Chase & Co. lifted their price target on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday. Wells Fargo & Company lifted their price target on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. BNP Paribas Exane began coverage on Carrier Global in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price target for the company. Argus lifted their price target on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.78.

Carrier Global Price Performance

CARR opened at $64.68 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The stock has a market capitalization of $53.72 billion, a P/E ratio of 42.55, a P/E/G ratio of 2.57 and a beta of 1.38. The company’s 50-day simple moving average is $60.31 and its two-hundred day simple moving average is $58.27. 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 earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the prior year, the business earned $0.65 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, analysts predict that Carrier Global Corporation will post 2.8 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio is presently 63.16%.

Carrier Global Company 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.