D.A. Davidson & CO. Grows Stock Holdings in Carrier Global Corporation $CARR

D.A. Davidson & CO. boosted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 8.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,123 shares of the company’s stock after purchasing an additional 8,097 shares during the period. D.A. Davidson & CO.’s holdings in Carrier Global were worth $5,919,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. YANKCOM Partnership grew its position in Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the period. Torren Management LLC bought a new position in shares of Carrier Global during the 4th quarter valued at $25,000. True Wealth Design LLC boosted its stake in shares of Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after buying an additional 427 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Carrier Global in the 4th quarter worth $27,000. Finally, Board of the Pension Protection Fund purchased a new position in shares of Carrier Global in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 0.9%

Shares of CARR stock opened at $68.71 on Friday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The firm has a fifty day moving average price of $68.27 and a 200-day moving average price of $62.64. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The company has a market cap of $57.07 billion, a price-to-earnings ratio of 45.20, a PEG ratio of 2.75 and a beta of 1.31.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping 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 firm 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 EPS. Carrier Global’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. As a group, equities analysts predict that Carrier Global Corporation will post 2.79 earnings per share for the current year.

Carrier Global Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Sanford C. Bernstein began coverage on Carrier Global in a research report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 price objective for the company. Citigroup raised their target price on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Argus boosted their price target on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. BNP Paribas Exane started coverage on Carrier Global in a research note on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target for the company. Finally, Wells Fargo & Company upped their price target on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.51.

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.