Carrier Global Corporation $CARR Shares Acquired by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lifted its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 9.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 572,588 shares of the company’s stock after acquiring an additional 47,784 shares during the period. Deprince Race & Zollo Inc. owned 0.07% of Carrier Global worth $32,242,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CARR. Aigen Investment Management LP grew its position in Carrier Global by 0.3% during 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 during the last quarter. Advisory Alpha LLC raised 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 buying an additional 171 shares during the last quarter. Advisor OS LLC raised its holdings in shares of Carrier Global by 0.8% in the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after buying an additional 178 shares during the last quarter. Wescott Financial Advisory Group LLC boosted its stake 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 worth $220,000 after buying an additional 186 shares during the period. Finally, Rossmore Private Capital boosted its stake 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 worth $684,000 after buying an additional 187 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Trading Down 1.6%

NYSE:CARR opened at $72.21 on Thursday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. 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 stock has a fifty day moving average price of $67.01 and a two-hundred day moving average price of $61.37. The stock has a market capitalization of $59.98 billion, a price-to-earnings ratio of 47.51, a PEG ratio of 2.94 and a beta of 1.31.

Carrier Global (NYSE:CARR) last issued its earnings results 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 net margin of 5.99% and a return on equity of 14.81%. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the previous year, the firm earned $0.65 EPS. The business’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, sell-side analysts anticipate that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CARR shares. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Barclays increased their price objective on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Robert W. Baird lifted their target price on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. JPMorgan Chase & Co. boosted their target price on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Evercore upped their price target on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.25.

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.