Bradley Foster & Sargent Inc. CT Has $16.59 Million Position in Carrier Global Corporation $CARR

Bradley Foster & Sargent Inc. CT cut its holdings in Carrier Global Corporation (NYSE:CARR) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 277,955 shares of the company’s stock after selling 12,915 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Carrier Global were worth $16,594,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in CARR. JPMorgan Chase & Co. lifted its holdings in shares of Carrier Global by 23.8% during the second quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock worth $2,820,485,000 after buying an additional 7,409,432 shares during the last quarter. Norges Bank bought a new position in Carrier Global during the second quarter worth $524,939,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Carrier Global by 1,742.8% during the 2nd 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 last quarter. Artisan Partners Limited Partnership boosted its holdings in Carrier Global by 63.6% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,952,738 shares of the company’s stock valued at $362,491,000 after purchasing an additional 1,924,804 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Carrier Global by 29.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,740,099 shares of the company’s stock worth $402,384,000 after purchasing an additional 1,525,266 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $63.56 on Wednesday. The stock has a market capitalization of $53.12 billion, a price-to-earnings ratio of 37.17, a P/E/G ratio of 2.55 and a beta of 1.33. The firm’s 50-day moving average price is $58.15 and its two-hundred day moving average price is $58.70. 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 1-year low of $50.24 and a 1-year high of $81.09.

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

Carrier Global declared that its Board of Directors has initiated a stock buyback program on Tuesday, October 28th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Carrier Global Increases Dividend

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

Analyst Ratings Changes

CARR has been the subject of several research reports. UBS Group reduced their target price on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Zacks Research lowered Carrier Global from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Robert W. Baird upped their target price on Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Rothschild & Co Redburn decreased their price target on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Finally, Citigroup increased their price objective on shares of Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.60.

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.