Carrier Global Corporation $CARR Stock: Cardinal Capital Management Inc. Increases Stake

Cardinal Capital Management Inc. increased its position in Carrier Global Corporation (NYSE:CARR) by 19.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 686,997 shares of the company’s stock after buying an additional 111,662 shares during the quarter. Cardinal Capital Management Inc.’s holdings in Carrier Global were worth $37,689,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Johnson Financial Group Inc. bought a new stake in Carrier Global during the second quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new position in shares of Carrier Global in the second quarter valued at about $26,000. Financial Management Professionals Inc. lifted its position in shares of Carrier Global by 142.4% in the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after acquiring an additional 225 shares in the last quarter. Burnham & Co LLC bought a new position in shares of Carrier Global in the second quarter worth about $37,000. Finally, Downshift Financial LLC boosted its stake in shares of Carrier Global by 69.5% in the third quarter. Downshift Financial LLC now owns 517 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares during the period. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wolfe Research reiterated an “outperform” rating and set a $80.00 target price on shares of Carrier Global in a research report on Thursday, July 9th. Citigroup boosted their price target on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft dropped their price target on Carrier Global from $71.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, September 30th. Royal Bank Of Canada dropped their price target on Carrier Global from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Carrier Global in a report on Friday, October 9th. They set a “neutral” rating and a $61.00 price objective for the company. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.43.

Carrier Global Stock Down 0.1%

Shares of CARR stock opened at $54.90 on Friday. The stock has a market cap of $45.26 billion, a P/E ratio of 22.52, a PEG ratio of 1.88 and a beta of 1.29. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The company’s fifty day simple moving average is $57.60 and its two-hundred day simple moving average is $62.79.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. The business 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 business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Analysts predict that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, October 29th. Carrier Global’s payout ratio is currently 66.67%.

Carrier Global Company 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, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.