Cardinal Capital Management Inc. Purchases 41,647 Shares of Carrier Global Corporation $CARR

Cardinal Capital Management Inc. increased its position in Carrier Global Corporation (NYSE:CARR) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 410,196 shares of the company’s stock after acquiring an additional 41,647 shares during the period. Cardinal Capital Management Inc.’s holdings in Carrier Global were worth $21,675,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CARR. Capital International Investors grew its holdings in shares of Carrier Global by 6.7% in the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after acquiring an additional 3,630,524 shares during the period. Ameriprise Financial Inc. grew its holdings in Carrier Global by 506.1% during the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock valued at $249,977,000 after purchasing an additional 3,496,372 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Carrier Global by 1,742.8% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,623,000 shares of the company’s stock valued at $265,167,000 after purchasing an additional 3,426,395 shares during the period. Assenagon Asset Management S.A. grew its holdings in Carrier Global by 461.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock valued at $130,003,000 after purchasing an additional 2,022,136 shares during the period. Finally, PineStone Asset Management Inc. grew its holdings in Carrier Global by 34.6% during the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock valued at $377,987,000 after purchasing an additional 1,837,985 shares during the period. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Citigroup boosted their price target on Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 6th. Royal Bank Of Canada cut their price target on Carrier Global from $74.00 to $68.00 and set an “outperform” rating for the company in a report on Wednesday. Robert W. Baird boosted their price target on Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, Argus boosted their price target on Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, February 9th. Twelve equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.93.

Carrier Global Stock Performance

NYSE CARR opened at $61.40 on Friday. The firm has a market cap of $51.29 billion, a price-to-earnings ratio of 35.90, a price-to-earnings-growth ratio of 2.38 and a beta of 1.32. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average price of $60.32 and a 200-day moving average price of $57.40. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 15.30% and a net margin of 6.82%.The business’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

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.