Aberdeen Group plc Grows Stock Holdings in Carrier Global Corporation $CARR

Aberdeen Group plc grew its position in shares of Carrier Global Corporation (NYSE:CARR) by 19.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 905,489 shares of the company’s stock after purchasing an additional 146,103 shares during the period. Aberdeen Group plc owned about 0.11% of Carrier Global worth $53,542,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. AdvisorShares Investments LLC purchased a new stake in Carrier Global in the second quarter worth approximately $25,000. Winnow Wealth LLC bought a new stake in shares of Carrier Global in the 2nd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Carrier Global in the 2nd quarter valued at $26,000. Clayton Financial Group LLC bought a new position in shares of Carrier Global during the 3rd quarter valued at $26,000. Finally, Traub Capital Management LLC purchased a new position in Carrier Global in the 2nd quarter worth $27,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Price Performance

CARR stock opened at $65.43 on Monday. 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 1 year low of $50.24 and a 1 year high of $81.09. The firm has a 50-day moving average of $56.59 and a 200 day moving average of $58.81. The company has a market cap of $54.69 billion, a P/E ratio of 38.26, a PEG ratio of 2.62 and a beta of 1.32.

Carrier Global (NYSE:CARR) last released its 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). The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, sell-side analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global declared that its board has authorized a share buyback plan on Tuesday, October 28th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 10.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Carrier Global Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, January 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 1.5%. Carrier Global’s payout ratio is presently 56.14%.

Analyst Ratings Changes

CARR has been the subject of several analyst reports. Robert W. Baird upped their price target on shares of Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Wolfe Research lowered their target price on Carrier Global from $74.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. Rothschild & Co Redburn reduced their price target on Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 21st. Zacks Research cut Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.