Canoe Financial LP Has $60.82 Million Stake in Carrier Global Corporation $CARR

Canoe Financial LP decreased its stake in shares of Carrier Global Corporation (NYSE:CARR) by 9.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,080,150 shares of the company’s stock after selling 114,900 shares during the period. Canoe Financial LP owned about 0.13% of Carrier Global worth $60,823,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Aigen Investment Management LP grew its position in Carrier Global by 0.3% in the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock worth $2,603,000 after purchasing an additional 166 shares in the last quarter. Advisory Alpha LLC grew its holdings in shares of Carrier Global by 2.9% in the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock valued at $319,000 after acquiring an additional 171 shares in the last quarter. Advisor OS LLC increased its position in shares of Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after acquiring an additional 178 shares during the last quarter. Wescott Financial Advisory Group LLC increased its position in shares of Carrier Global by 4.7% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 4,163 shares of the company’s stock valued at $220,000 after acquiring an additional 186 shares during the last quarter. Finally, Rossmore Private Capital increased its position in shares of Carrier Global by 1.5% during the fourth quarter. Rossmore Private Capital now owns 12,944 shares of the company’s stock valued at $684,000 after acquiring an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on CARR shares. Wolfe Research boosted their price objective on Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Robert W. Baird raised their target price on Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. The Goldman Sachs Group lifted their target price on Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Mizuho boosted their price target on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Finally, Morgan Stanley boosted their price target on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Twelve analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.09.

Carrier Global Trading Down 0.0%

NYSE:CARR opened at $73.56 on Monday. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average is $66.28 and its 200 day moving average is $60.96. The stock has a market capitalization of $61.09 billion, a PE ratio of 48.39, a price-to-earnings-growth ratio of 2.95 and a beta of 1.34.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the company earned $0.65 earnings per share. Carrier Global’s revenue 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. Sell-side analysts expect that Carrier Global Corporation will post 2.78 earnings per share for the current year.

Carrier Global Announces Dividend

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

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.