Aberdeen Group plc Purchases 146,103 Shares of Carrier Global Corporation $CARR

Aberdeen Group plc lifted its position in shares of Carrier Global Corporation (NYSE:CARR) by 19.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 905,489 shares of the company’s stock after buying an additional 146,103 shares during the quarter. Aberdeen Group plc’s holdings in Carrier Global were worth $53,542,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CARR. Brighton Jones LLC raised its stake in shares of Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares during the last quarter. AQR Capital Management LLC grew its position in Carrier Global by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after purchasing an additional 23,200 shares during the period. MGO One Seven LLC purchased a new stake in Carrier Global during the 2nd quarter valued at $200,000. Ritholtz Wealth Management lifted its holdings in shares of Carrier Global by 14.4% during the 2nd quarter. Ritholtz Wealth Management now owns 4,539 shares of the company’s stock valued at $332,000 after buying an additional 571 shares during the period. Finally, Mutual Advisors LLC boosted its stake in shares of Carrier Global by 120.9% in the 2nd quarter. Mutual Advisors LLC now owns 12,163 shares of the company’s stock worth $982,000 after buying an additional 6,657 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Carrier Global from $70.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. Mizuho lowered their price objective on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Oppenheimer reissued a “market perform” rating on shares of Carrier Global in a report on Wednesday, October 29th. CICC Research reduced their target price 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, The Goldman Sachs Group lifted their price target on shares of Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.60.

Carrier Global Price Performance

NYSE CARR opened at $65.43 on Monday. 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 stock has a market cap of $54.69 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 2.62 and a beta of 1.32. The company’s 50 day moving average is $56.59 and its two-hundred day moving average is $58.81.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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). The firm 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 business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, research analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Tuesday, January 20th were issued a dividend of $0.24 per share. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, January 20th. Carrier Global’s payout ratio is 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 shares. This buyback authorization allows the company to reacquire up to 10.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is 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.