ProShare Advisors LLC Has $7.72 Million Holdings in Carrier Global Corporation $CARR

ProShare Advisors LLC boosted its stake in Carrier Global Corporation (NYSE:CARR) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,030 shares of the company’s stock after purchasing an additional 10,609 shares during the quarter. ProShare Advisors LLC’s holdings in Carrier Global were worth $7,716,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Warner Group LLC bought a new position in Carrier Global in the fourth quarter valued at about $238,000. Gamco Investors INC. ET AL grew its holdings in shares of Carrier Global by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 94,785 shares of the company’s stock worth $5,008,000 after purchasing an additional 3,250 shares during the last quarter. Gabelli Funds LLC grew its holdings in shares of Carrier Global by 16.5% during the fourth quarter. Gabelli Funds LLC now owns 63,900 shares of the company’s stock worth $3,376,000 after purchasing an additional 9,072 shares during the last quarter. North Dakota State Investment Board bought a new stake in shares of Carrier Global during the fourth quarter worth about $1,437,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Carrier Global during the fourth quarter worth about $139,000. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. The Goldman Sachs Group boosted their price target on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Evercore lifted their price objective on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. BNP Paribas Exane assumed coverage on Carrier Global in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective on the stock. Wolfe Research boosted their price target on Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Finally, Citigroup boosted their price target on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.78.

Carrier Global Stock Down 2.1%

Shares of NYSE:CARR opened at $62.23 on Friday. The company has a market capitalization of $51.68 billion, a PE ratio of 40.94, a price-to-earnings-growth ratio of 2.53 and a beta of 1.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The business has a fifty day moving average price of $60.64 and a two-hundred day moving average price of $58.37. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts forecast that Carrier Global Corporation will post 2.8 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, May 4th. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio is presently 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.