Cibc World Market Inc. Has $5.44 Million Stock Holdings in Carrier Global Corporation $CARR

Cibc World Market Inc. cut its holdings in Carrier Global Corporation (NYSE:CARR) by 25.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 102,926 shares of the company’s stock after selling 35,968 shares during the quarter. Cibc World Market Inc.’s holdings in Carrier Global were worth $5,439,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Becker Capital Management Inc. boosted its holdings in Carrier Global by 5.6% in the third quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock valued at $25,405,000 after acquiring an additional 22,377 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Carrier Global by 6.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock valued at $59,586,000 after acquiring an additional 72,906 shares during the last quarter. Y.D. More Investments Ltd bought a new position in Carrier Global in the fourth quarter valued at about $1,556,000. Cardinal Capital Management Inc. boosted its holdings in Carrier Global by 11.3% in the fourth quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock valued at $21,675,000 after acquiring an additional 41,647 shares during the last quarter. Finally, Canoe Financial LP boosted its holdings in Carrier Global by 607.5% in the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock valued at $63,146,000 after acquiring an additional 1,026,147 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings upgraded Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Barclays raised their price target on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Royal Bank Of Canada raised their price target on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Wolfe Research raised their target price on Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Finally, Mizuho raised their target price on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.04.

Carrier Global Stock Up 0.0%

Shares of Carrier Global stock opened at $67.18 on Monday. The business’s 50 day simple moving average is $62.30 and its 200 day simple moving average is $59.07. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The firm has a market cap of $55.79 billion, a PE ratio of 44.19, a P/E/G ratio of 2.69 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05.

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

Carrier Global Announces Dividend

The company 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 $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

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.