Bahl & Gaynor Inc. Increases Stake in Carrier Global Corporation $CARR

Bahl & Gaynor Inc. increased its holdings in Carrier Global Corporation (NYSE:CARR) by 58.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 663,297 shares of the company’s stock after purchasing an additional 243,564 shares during the quarter. Bahl & Gaynor Inc. owned 0.08% of Carrier Global worth $39,599,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Winnow Wealth LLC purchased a new position in shares of Carrier Global in the second quarter worth about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Carrier Global during the 2nd quarter worth approximately $26,000. Clayton Financial Group LLC purchased a new position in Carrier Global in the 3rd quarter worth approximately $26,000. Traub Capital Management LLC purchased a new position in Carrier Global in the 2nd quarter worth approximately $27,000. Finally, Salomon & Ludwin LLC lifted its position in Carrier Global by 460.5% in the third quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock valued at $29,000 after purchasing an additional 396 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Rothschild & Co Redburn decreased their target price 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. Zacks Research lowered shares of Carrier Global from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. JPMorgan Chase & Co. boosted their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Royal Bank Of Canada upped their price objective on shares of Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Finally, The Goldman Sachs Group raised their target price on Carrier Global from $68.00 to $74.00 and gave the stock 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 assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $70.82.

Carrier Global Price Performance

CARR stock opened at $64.43 on Monday. 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 firm has a 50-day moving average of $58.74 and a 200 day moving average of $58.63. The company has a market cap of $53.85 billion, a P/E ratio of 37.68, a PEG ratio of 2.58 and a beta of 1.32.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share 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 firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter last year, the company posted $0.54 EPS. The firm’s 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. On average, sell-side analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current 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 issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, January 20th. Carrier Global’s dividend payout ratio is currently 56.14%.

Carrier Global 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.