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

Bahl & Gaynor Inc. boosted its holdings in Carrier Global Corporation (NYSE:CARR) by 58.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 663,297 shares of the company’s stock after purchasing an additional 243,564 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Carrier Global were worth $39,599,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after buying an additional 1,850 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after acquiring an additional 23,200 shares in the last quarter. United Bank grew its stake in shares of Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after acquiring an additional 4,956 shares during the last quarter. Schnieders Capital Management LLC. grew its stake in shares of Carrier Global by 33.7% in the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after acquiring an additional 4,277 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Carrier Global during the second quarter valued at $212,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 2.7%

Shares of CARR stock opened at $64.43 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 capitalization of $53.85 billion, a P/E ratio of 37.68, a P/E/G ratio of 2.58 and a beta of 1.32. The firm’s 50 day moving average is $58.74 and its 200 day moving average is $58.63.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. Carrier Global’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Research analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Argus upped their price target on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. CICC Research cut their price target on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. UBS Group reduced their price target on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, January 5th. The Goldman Sachs Group upped their price objective on Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, Robert W. Baird increased 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. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $70.82.

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.