Pacer Advisors Inc. Grows Stake in Carrier Global Corporation $CARR

Pacer Advisors Inc. boosted its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 20.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 147,481 shares of the company’s stock after purchasing an additional 25,400 shares during the quarter. Pacer Advisors Inc.’s holdings in Carrier Global were worth $7,793,000 at the end of the most recent quarter.

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

Carrier Global Stock Performance

NYSE CARR opened at $71.92 on Monday. The company has a market cap of $59.74 billion, a P/E ratio of 47.32, a P/E/G ratio of 2.88 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. The business’s 50 day moving average price is $65.20 and its 200-day moving average price is $60.28. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09.

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

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.3%. Carrier Global’s dividend payout ratio is currently 63.16%.

Analysts Set New Price Targets

CARR has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Weiss Ratings upgraded shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. BNP Paribas Exane assumed coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Sanford C. Bernstein assumed coverage on shares of Carrier Global in a research note on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 price objective for the company. Twelve equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.09.

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.