Carrier Global Corporation $CARR is Fiduciary Management Inc. WI’s 8th Largest Position

Fiduciary Management Inc. WI raised its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,972,009 shares of the company’s stock after buying an additional 198,951 shares during the period. Carrier Global comprises 2.3% of Fiduciary Management Inc. WI’s portfolio, making the stock its 8th largest holding. Fiduciary Management Inc. WI owned 0.48% of Carrier Global worth $209,881,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CARR. KERR FINANCIAL PLANNING Corp purchased a new stake in Carrier Global during the third quarter valued at approximately $25,000. YANKCOM Partnership increased its holdings in Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after buying an additional 208 shares during the last quarter. Torren Management LLC purchased a new stake in Carrier Global during the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates increased its holdings in Carrier Global by 150.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after buying an additional 300 shares during the last quarter. Finally, True Wealth Design LLC increased its holdings in Carrier Global by 723.7% during the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after buying an additional 427 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

CARR opened at $67.18 on Friday. The firm has a market cap of $55.79 billion, a P/E ratio of 44.19, a PEG ratio of 2.69 and a beta of 1.34. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09. The company has a 50 day simple moving average of $62.30 and a two-hundred day simple moving average of $59.02. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the business posted $0.65 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts forecast that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. Carrier Global’s dividend payout ratio is currently 63.16%.

Wall Street Analyst Weigh In

A number of analysts have commented on CARR shares. Evercore upped their target price on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Royal Bank Of Canada upped their target price on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Mizuho upped their price target on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Morgan Stanley upped their price target on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Finally, Wolfe Research upped their price target on shares of Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.04.

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.