D.A. Davidson & CO. Acquires 8,097 Shares of Carrier Global Corporation $CARR

D.A. Davidson & CO. boosted its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 8.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,123 shares of the company’s stock after acquiring an additional 8,097 shares during the period. D.A. Davidson & CO.’s holdings in Carrier Global were worth $5,919,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. YANKCOM Partnership increased its stake in shares of Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares in the last quarter. Torren Management LLC bought a new stake in shares of Carrier Global in the 4th quarter worth approximately $25,000. True Wealth Design LLC boosted its position in shares of Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after purchasing an additional 427 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Carrier Global in the 4th quarter worth approximately $27,000. Finally, Board of the Pension Protection Fund bought a new position in Carrier Global during the 4th quarter valued at approximately $32,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of CARR opened at $68.71 on Friday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The company has a market capitalization of $57.07 billion, a P/E ratio of 45.20, a price-to-earnings-growth ratio of 2.75 and a beta of 1.31. The firm has a 50 day moving average of $68.27 and a 200 day moving average of $62.64. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last released its quarterly earnings data 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. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts anticipate that Carrier Global Corporation will post 2.79 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

Analyst Ratings Changes

CARR has been the subject of a number of recent research reports. Evercore lifted their price objective on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. BNP Paribas Exane began coverage on Carrier Global in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 target price on the stock. Weiss Ratings upgraded Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. raised their price target on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Sanford C. Bernstein assumed coverage on Carrier Global in a research report on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 price target for the company. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $73.51.

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.