Foster Victor Wealth Advisors LLC Purchases 35,484 Shares of Carrier Global Corporation $CARR

Foster Victor Wealth Advisors LLC grew its position in Carrier Global Corporation (NYSE:CARR) by 14.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,997 shares of the company’s stock after buying an additional 35,484 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Carrier Global were worth $15,790,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Hoese & Co LLP increased its holdings in shares of Carrier Global by 250.0% during the 3rd quarter. Hoese & Co LLP now owns 700 shares of the company’s stock worth $38,000 after buying an additional 500 shares during the last quarter. Hartford Financial Management Inc. raised its position in shares of Carrier Global by 16.6% during the 3rd quarter. Hartford Financial Management Inc. now owns 12,883 shares of the company’s stock valued at $707,000 after buying an additional 1,833 shares during the period. Arwa LLC lifted its holdings in Carrier Global by 11.5% in the third quarter. Arwa LLC now owns 19,588 shares of the company’s stock valued at $1,078,000 after acquiring an additional 2,018 shares during the last quarter. Axxcess Wealth Management LLC lifted its holdings in Carrier Global by 29.6% in the third quarter. Axxcess Wealth Management LLC now owns 12,605 shares of the company’s stock valued at $692,000 after acquiring an additional 2,878 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in Carrier Global by 28.8% in the third quarter. Crossmark Global Holdings Inc. now owns 59,873 shares of the company’s stock valued at $3,285,000 after acquiring an additional 13,392 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of CARR stock opened at $56.42 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. The firm has a market cap of $46.51 billion, a P/E ratio of 39.18, a P/E/G ratio of 1.92 and a beta of 1.29. The firm’s 50 day moving average price is $57.15 and its 200-day moving average price is $62.84. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, equities research analysts predict that Carrier Global Corporation will post 2.87 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Thursday, October 29th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, October 29th. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CARR. Zacks Research lowered Carrier Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Carrier Global from $71.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, September 30th. The Goldman Sachs Group lowered Carrier Global from a “buy” rating to a “neutral” rating and decreased their price target for the company from $74.00 to $61.00 in a research note on Wednesday, October 14th. Royal Bank Of Canada lowered their price target on Carrier Global from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Wednesday, October 14th. Finally, Citigroup raised their price objective on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.43.

Carrier Global Profile

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.