Carrier Global Corporation $CARR Stock: MBL Wealth LLC Raises Position

MBL Wealth LLC boosted its position in shares of Carrier Global Corporation (NYSE:CARR) by 245.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,486 shares of the company’s stock after acquiring an additional 9,585 shares during the period. MBL Wealth LLC’s holdings in Carrier Global were worth $740,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Compass Wealth Management LLC grew its stake in shares of Carrier Global by 11.7% during the third quarter. Compass Wealth Management LLC now owns 13,425 shares of the company’s stock worth $736,000 after purchasing an additional 1,408 shares in the last quarter. Indiana Trust & Investment Management Co raised its stake in Carrier Global by 134.4% in the third quarter. Indiana Trust & Investment Management Co now owns 1,985 shares of the company’s stock valued at $109,000 after buying an additional 1,138 shares in the last quarter. Howland Capital Management LLC lifted its holdings in Carrier Global by 59.9% during the 3rd quarter. Howland Capital Management LLC now owns 8,394 shares of the company’s stock worth $460,000 after buying an additional 3,144 shares during the last quarter. Brookstone Capital Management lifted its holdings in Carrier Global by 3.2% during the 3rd quarter. Brookstone Capital Management now owns 6,192 shares of the company’s stock worth $340,000 after buying an additional 194 shares during the last quarter. Finally, Ledyard National Bank lifted its holdings in Carrier Global by 16.4% during the 3rd quarter. Ledyard National Bank now owns 11,167 shares of the company’s stock worth $613,000 after buying an additional 1,573 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

CARR has been the subject of several analyst reports. Zacks Research cut Carrier Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a research report on Friday, October 16th. Royal Bank Of Canada decreased their target price on Carrier Global from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Wednesday, October 14th. Wells Fargo & Company assumed coverage on Carrier Global in a report on Thursday, September 24th. They issued an “overweight” rating and a $67.00 price target for the company. Finally, Wolfe Research reiterated an “outperform” rating and issued a $80.00 price target on shares of Carrier Global in a research note on Thursday, July 9th. Eleven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $70.43.

Trending Headlines about Carrier Global

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Carrier plans to invest more than $600 million over the next three years in a new, more than 1-million-square-foot advanced manufacturing and engineering center in Fort Worth, Texas. The facility is expected to create approximately 1,500 jobs and expand production of commercial chillers. Carrier Texas investment announcement
• Positive Sentiment: The investment is intended to address record backlog and strong demand from data centers, healthcare, education, industrial customers and other commercial markets. Rising data-center demand for cooling infrastructure could provide Carrier with a long-term growth opportunity. Carrier plans Texas expansion
• Neutral Sentiment: The project strengthens Carrier’s U.S. manufacturing and supply-chain footprint, but the spending will occur over several years. The announcement does not provide a specific near-term revenue or earnings contribution, while construction and ramp-up costs could precede the benefits.
• Neutral Sentiment: Carrier is scheduled to report earnings next week. Analysts expect fiscal 2026 earnings of roughly $2.87 per share, compared with company guidance of $2.90, making the report and management’s outlook important near-term catalysts. Carrier upcoming earnings expectations
• Negative Sentiment: Zacks cautions that Carrier does not currently have the strongest combination of earnings and revenue-estimate trends for a likely earnings beat. With the shares trading at a relatively high price-to-earnings ratio near 39, disappointing results or conservative guidance could weigh on the stock.

Carrier Global Stock Performance

NYSE CARR traded down $0.22 during trading hours on Friday, hitting $56.26. The company had a trading volume of 3,883,413 shares, compared to its average volume of 5,270,828. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The company has a market cap of $46.38 billion, a PE ratio of 39.07, a price-to-earnings-growth ratio of 1.93 and a beta of 1.29. The business has a 50 day moving average of $56.88 and a 200-day moving average of $62.80.

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

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.7%. Carrier Global’s dividend payout ratio is 66.67%.

About Carrier Global

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.