Fiera Capital Corp Sells 226,017 Shares of Carrier Global Corporation $CARR

Fiera Capital Corp cut its stake in shares of Carrier Global Corporation (NYSE:CARR) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,574,673 shares of the company’s stock after selling 226,017 shares during the quarter. Carrier Global makes up approximately 1.3% of Fiera Capital Corp’s holdings, making the stock its 25th biggest position. Fiera Capital Corp owned about 0.78% of Carrier Global worth $392,508,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Carrier Global by 0.5% in the second quarter. Vanguard Group Inc. now owns 93,373,143 shares of the company’s stock worth $6,833,980,000 after purchasing an additional 450,594 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Carrier Global by 23.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock valued at $2,820,485,000 after buying an additional 7,409,432 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Carrier Global by 3.1% during the 2nd quarter. Fisher Asset Management LLC now owns 15,048,555 shares of the company’s stock valued at $1,101,404,000 after buying an additional 448,055 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Carrier Global by 6.3% in the 2nd quarter. Brown Advisory Inc. now owns 10,281,880 shares of the company’s stock worth $752,533,000 after buying an additional 607,901 shares during the period. Finally, Norges Bank purchased a new stake in Carrier Global in the 2nd quarter worth $524,939,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 2.1%

Shares of NYSE CARR opened at $62.97 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The firm’s 50-day moving average price is $57.51 and its 200-day moving average price is $58.86. The stock has a market capitalization of $52.63 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 2.59 and a beta of 1.33.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The company’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities research analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

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

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Tuesday, January 20th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, January 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. Carrier Global’s payout ratio is currently 56.14%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wolfe Research lowered their price objective on Carrier Global from $74.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Rothschild & Co Redburn decreased their target price on Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price target on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Argus upped their price target on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, Barclays reduced their price objective on shares of Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.