20,904 Shares in Carrier Global Corporation $CARR Purchased by Caprock Group LLC

Caprock Group LLC purchased a new position in shares of Carrier Global Corporation (NYSE:CARR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 20,904 shares of the company’s stock, valued at approximately $1,363,000.

Other institutional investors have also bought and sold shares of the company. Spirepoint Private Client LLC increased its stake in shares of Carrier Global by 547.7% during the third quarter. Spirepoint Private Client LLC now owns 60,694 shares of the company’s stock valued at $3,623,000 after buying an additional 51,324 shares during the period. Oak Thistle LLC purchased a new position in Carrier Global during the 3rd quarter valued at $1,986,000. Foster Victor Wealth Advisors LLC raised its holdings in Carrier Global by 24.1% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 216,777 shares of the company’s stock worth $12,931,000 after purchasing an additional 42,161 shares in the last quarter. Brookstone Capital Management boosted its stake in shares of Carrier Global by 220.8% during the 3rd quarter. Brookstone Capital Management now owns 51,852 shares of the company’s stock valued at $3,096,000 after purchasing an additional 35,691 shares in the last quarter. Finally, Deprince Race & Zollo Inc. bought a new position in Carrier Global in the third quarter worth about $20,678,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 0.8%

CARR stock opened at $65.43 on Friday. The stock has a market capitalization of $54.69 billion, a P/E ratio of 38.26, a P/E/G ratio of 2.62 and a beta of 1.33. 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 business has a fifty day moving average price of $56.59 and a 200-day moving average price of $58.88.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter in the prior year, the firm earned $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. Equities analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Tuesday, January 20th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, January 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.23. Carrier Global’s dividend payout ratio is presently 56.14%.

Carrier Global declared that its board has approved a share repurchase plan on Tuesday, October 28th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 10.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CARR shares. Zacks Research lowered Carrier Global from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on Carrier Global from $70.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, October 29th. Morgan Stanley set a $55.00 target price on shares of Carrier Global in a research report on Thursday, January 8th. JPMorgan Chase & Co. boosted their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Finally, Barclays cut their price objective on shares of Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $70.60.

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.