Burney Co. Boosts Holdings in Carrier Global Corporation $CARR

Burney Co. lifted its position in shares of Carrier Global Corporation (NYSE:CARR) by 43.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,609 shares of the company’s stock after buying an additional 9,274 shares during the period. Burney Co.’s holdings in Carrier Global were worth $1,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Carrier Global by 6.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock worth $59,586,000 after acquiring an additional 72,906 shares during the last quarter. Y.D. More Investments Ltd purchased a new stake in Carrier Global in the fourth quarter valued at approximately $1,556,000. Cardinal Capital Management Inc. raised its position in Carrier Global by 11.3% in the fourth quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock valued at $21,675,000 after purchasing an additional 41,647 shares during the period. Canoe Financial LP lifted its stake in Carrier Global by 607.5% during the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock worth $63,146,000 after purchasing an additional 1,026,147 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in Carrier Global by 13.5% during the third quarter. Mackenzie Financial Corp now owns 544,054 shares of the company’s stock worth $32,480,000 after purchasing an additional 64,848 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

CARR has been the subject of a number of research reports. Rothschild & Co Redburn lifted their price objective on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Wolfe Research increased their target price on Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Robert W. Baird raised their target price on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Wells Fargo & Company lifted their target price on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Finally, Mizuho boosted their price target on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $73.25.

Carrier Global Trading Down 2.9%

CARR opened at $66.70 on Thursday. The business has a fifty day moving average price of $67.77 and a 200 day moving average price of $61.94. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The stock has a market capitalization of $55.40 billion, a price-to-earnings ratio of 43.88, a PEG ratio of 2.75 and a beta of 1.31.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) 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 company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the company earned $0.65 EPS. Carrier Global’s revenue for the quarter 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 2.79 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s payout ratio is 63.16%.

About Carrier Global

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.