Fiera Capital Corp Increases Stock Holdings in Carrier Global Corporation $CARR

Fiera Capital Corp increased its holdings in Carrier Global Corporation (NYSE:CARR) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,923,485 shares of the company’s stock after purchasing an additional 348,812 shares during the period. Carrier Global accounts for 1.2% of Fiera Capital Corp’s investment portfolio, making the stock its 25th biggest position. Fiera Capital Corp owned about 0.83% of Carrier Global worth $365,837,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Carrier Global in the third quarter valued at $25,000. YANKCOM Partnership grew its position in shares of Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares during the period. Torren Management LLC acquired a new position in Carrier Global in the fourth quarter valued at $25,000. Global Wealth Strategies & Associates boosted its holdings in Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 300 shares during the last quarter. Finally, True Wealth Design LLC grew its position 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 acquiring an additional 427 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.0%

Shares of CARR opened at $67.18 on Monday. The stock’s 50-day moving average is $62.30 and its two-hundred day moving average is $59.07. The stock 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. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. 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 issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping 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 company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The firm’s quarterly 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 firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be paid a $0.24 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. Carrier Global’s payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Morgan Stanley upped their price target on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. increased their target price on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Wolfe Research increased their target price 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. Citigroup increased their target price on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Argus increased their target price on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.