Carrier Global Corporation $CARR Shares Acquired by Becker Capital Management Inc.

Becker Capital Management Inc. lifted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 425,547 shares of the company’s stock after buying an additional 22,377 shares during the quarter. Becker Capital Management Inc. owned 0.05% of Carrier Global worth $25,405,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Winnow Wealth LLC purchased a new stake in shares of Carrier Global during the second quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Carrier Global in the second quarter valued at $26,000. Clayton Financial Group LLC acquired a new stake in Carrier Global during the 3rd quarter valued at $26,000. Traub Capital Management LLC purchased a new stake in Carrier Global during the 2nd quarter worth $27,000. Finally, Salomon & Ludwin LLC increased its stake in Carrier Global by 460.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $29,000 after buying an additional 396 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 2.7%

NYSE CARR opened at $64.43 on Monday. The stock’s 50 day simple moving average is $58.74 and its 200 day simple moving average is $58.63. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The firm has a market cap of $53.85 billion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 2.58 and a beta of 1.32. 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 (NYSE:CARR) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.34 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 prior year, the firm posted $0.54 EPS. Carrier Global’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. As a group, sell-side analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The business 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 was Tuesday, January 20th. This is a positive change 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 (DPR) is currently 56.14%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CARR shares. Argus lifted their target price on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Citigroup increased their price target on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Royal Bank Of Canada lifted their price target on Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Mizuho reduced their price target on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Finally, Rothschild & Co Redburn reduced their price objective on Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research report on Wednesday, January 21st. Twelve 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.82.

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.