CHICAGO TRUST Co NA Boosts Holdings in Carrier Global Corporation $CARR

CHICAGO TRUST Co NA raised its stake in shares of Carrier Global Corporation (NYSE:CARR) by 294.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,018 shares of the company’s stock after buying an additional 11,955 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Carrier Global were worth $902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after purchasing an additional 1,850 shares during the last quarter. AQR Capital Management LLC boosted its stake in Carrier Global by 51.5% during the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after buying an additional 23,200 shares during the last quarter. United Bank boosted its stake in Carrier Global by 41.2% during the second quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after buying an additional 4,956 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in Carrier Global by 33.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after buying an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC grew its holdings in Carrier Global by 6.0% during the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after buying an additional 561 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Carrier Global stock opened at $72.21 on Thursday. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The company has a market capitalization of $59.98 billion, a PE ratio of 47.51, a P/E/G ratio of 2.94 and a beta of 1.31. The company has a 50 day moving average price of $67.01 and a 200-day moving average price of $61.37. 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 issued its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share 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 during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the previous year, the company 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 forecast that Carrier Global Corporation will post 2.78 earnings per share for the current year.

Carrier Global Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CARR shares. Sanford C. Bernstein initiated coverage on Carrier Global in a research report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Wolfe Research increased their price objective on shares of Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. BNP Paribas Exane began coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective for the company. Finally, Robert W. Baird boosted their target price on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.25.

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.