MAI Capital Management Buys 14,532 Shares of Carrier Global Corporation $CARR

MAI Capital Management boosted its position in shares of Carrier Global Corporation (NYSE:CARR) by 30.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,905 shares of the company’s stock after purchasing an additional 14,532 shares during the period. MAI Capital Management’s holdings in Carrier Global were worth $3,696,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AdvisorShares Investments LLC bought a new position in shares of Carrier Global during the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new position in Carrier Global in the 2nd quarter valued at $26,000. Winnow Wealth LLC purchased a new stake in Carrier Global in the second quarter worth $26,000. Traub Capital Management LLC bought a new stake in shares of Carrier Global during the second quarter worth $27,000. Finally, Clayton Financial Group LLC purchased a new stake in shares of Carrier Global during the third quarter valued at $26,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

Shares of CARR stock opened at $64.43 on Friday. The firm has a market cap of $53.85 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 2.52 and a beta of 1.33. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. The company’s 50 day moving average is $58.74 and its 200 day moving average is $58.74.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (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 company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same period last year, the business posted $0.54 EPS. The firm’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, sell-side analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Tuesday, January 20th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.5%. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, January 20th. Carrier Global’s payout ratio is presently 56.14%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Rothschild & Co Redburn cut their price target on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. Morgan Stanley set a $55.00 target price on shares of Carrier Global in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. Argus increased their price objective on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, Wolfe Research raised their price objective on Carrier Global from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.82.

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.