Ameritas Advisory Services LLC Decreases Stock Holdings in Carrier Global Corporation $CARR

Ameritas Advisory Services LLC lessened its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 91.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,541 shares of the company’s stock after selling 16,096 shares during the period. Ameritas Advisory Services LLC’s holdings in Carrier Global were worth $92,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AdvisorShares Investments LLC acquired a new position in Carrier Global during the second quarter worth approximately $25,000. Winnow Wealth LLC purchased a new stake in Carrier Global in the 2nd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carrier Global during the 2nd quarter worth $26,000. Clayton Financial Group LLC purchased a new position in Carrier Global during the 3rd quarter worth $26,000. Finally, Traub Capital Management LLC purchased a new position in Carrier Global during the 2nd quarter worth $27,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CARR. UBS Group lowered their price objective on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Rothschild & Co Redburn reduced their target price on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, January 21st. Mizuho lowered their target price on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. CICC Research cut their price target on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Finally, Morgan Stanley set a $55.00 price objective on Carrier Global in a report on Thursday, January 8th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.60.

Carrier Global Price Performance

Carrier Global stock opened at $62.97 on Friday. The stock has a market capitalization of $52.63 billion, a P/E ratio of 36.82, a P/E/G ratio of 2.59 and a beta of 1.33. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The firm’s 50-day moving average is $57.51 and its two-hundred day moving average is $58.86.

Carrier Global (NYSE:CARR) last issued 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 return on equity of 15.30% and a net margin of 6.82%.The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same period in the previous year, the business posted $0.54 earnings per share. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Tuesday, January 20th were given 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 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio is presently 56.14%.

Carrier Global announced that its board has initiated a stock repurchase program on Tuesday, October 28th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.