14,867 Shares in Carrier Global Corporation $CARR Acquired by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. purchased a new stake in Carrier Global Corporation (NYSE:CARR) in the third quarter, Holdings Channel reports. The institutional investor purchased 14,867 shares of the company’s stock, valued at approximately $888,000.

Several other hedge funds have also added to or reduced their stakes in the business. Rehmann Capital Advisory Group grew its stake in shares of Carrier Global by 1.3% in the second quarter. Rehmann Capital Advisory Group now owns 12,083 shares of the company’s stock worth $884,000 after purchasing an additional 150 shares during the last quarter. Kingsview Wealth Management LLC increased its position in Carrier Global by 1.0% during the 2nd quarter. Kingsview Wealth Management LLC now owns 17,110 shares of the company’s stock valued at $1,252,000 after purchasing an additional 165 shares during the period. Empirical Finance LLC raised its holdings in Carrier Global by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 29,227 shares of the company’s stock worth $2,139,000 after purchasing an additional 168 shares during the last quarter. Poehling Capital Management INC. lifted its position in shares of Carrier Global by 0.4% in the 2nd quarter. Poehling Capital Management INC. now owns 38,397 shares of the company’s stock worth $2,810,000 after purchasing an additional 169 shares during the period. Finally, PKS Advisory Services LLC boosted its stake in shares of Carrier Global by 3.5% in the 2nd quarter. PKS Advisory Services LLC now owns 5,098 shares of the company’s stock valued at $373,000 after purchasing an additional 173 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Carrier Global in a report on Monday, December 29th. Zacks Research downgraded Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Monday. JPMorgan Chase & Co. upped their target price on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Rothschild & Co Redburn lowered their target price on Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Carrier Global from $70.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.60.

Carrier Global Stock Down 3.2%

CARR stock opened at $64.95 on Friday. The stock’s 50 day simple moving average is $56.36 and its 200 day simple moving average is $59.07. The company has a market cap of $54.29 billion, a P/E ratio of 37.98, a price-to-earnings-growth ratio of 2.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The company’s revenue was down 6.0% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global announced that its board has authorized a share buyback program on Tuesday, October 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 10.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Carrier Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Tuesday, January 20th were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, January 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 1.5%. Carrier Global’s dividend payout ratio is currently 56.14%.

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.