ABC Arbitrage SA Acquires New Position in Carrier Global Corporation $CARR

ABC Arbitrage SA bought a new position in shares of Carrier Global Corporation (NYSE:CARR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,172 shares of the company’s stock, valued at approximately $1,324,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AdvisorShares Investments LLC acquired a new position in Carrier Global in the 2nd quarter worth about $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Carrier Global during the second quarter worth about $26,000. Winnow Wealth LLC acquired a new position in shares of Carrier Global in the second quarter valued at approximately $26,000. Traub Capital Management LLC bought a new position in Carrier Global in the 2nd quarter valued at approximately $27,000. Finally, Clayton Financial Group LLC bought a new position in Carrier Global in the 3rd quarter valued at approximately $26,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR opened at $65.85 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The company has a fifty day moving average of $55.90 and a 200-day moving average of $58.97. The firm has a market capitalization of $55.04 billion, a P/E ratio of 38.51, a P/E/G ratio of 2.69 and a beta of 1.33.

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

Carrier Global declared that its Board of Directors has authorized a share repurchase program on Tuesday, October 28th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Carrier Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Tuesday, January 20th were paid a dividend of $0.24 per share. This is an increase from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is currently 56.14%.

Analysts Set New Price Targets

CARR has been the topic of a number of research reports. Argus boosted their target price on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday. Wolfe Research cut their price target on shares of Carrier Global from $74.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a report on Friday, November 21st. Barclays lowered their target price 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. Finally, The Goldman Sachs Group upped their price target on Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $70.65.

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.