Carrier Global Corporation (NYSE:CARR) Short Interest Update

Carrier Global Corporation (NYSE:CARR) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 17,973,334 shares, a growth of 40.0% from the January 15th total of 12,841,954 shares. Based on an average daily volume of 9,527,071 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.3% of the shares of the company are short sold. Currently, 2.3% of the shares of the company are short sold. Based on an average daily volume of 9,527,071 shares, the days-to-cover ratio is presently 1.9 days.

Carrier Global Stock Up 0.8%

Shares of Carrier Global stock traded up $0.54 during trading hours on Friday, hitting $65.43. The company had a trading volume of 6,101,087 shares, compared to its average volume of 9,369,298. The company has a market cap of $54.69 billion, a P/E ratio of 38.26, a price-to-earnings-growth ratio of 2.62 and a beta of 1.33. The company’s 50-day moving average is $56.59 and its two-hundred day moving average is $58.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. Carrier Global has a twelve month low of $50.24 and a twelve month high of $81.09.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The firm’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts anticipate that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Tuesday, January 20th were given a dividend of $0.24 per share. This is a positive change from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. Carrier Global’s dividend payout ratio is currently 56.14%.

Carrier Global announced that its Board of Directors has approved a stock repurchase plan on Tuesday, October 28th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

CARR has been the topic of several recent analyst reports. Morgan Stanley set a $55.00 target price on Carrier Global in a research note on Thursday, January 8th. Barclays reduced their price target on shares of Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Wells Fargo & Company upped their target price on Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. The Goldman Sachs Group upped their target price on Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Carrier Global from $70.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, October 29th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.60.

Institutional Investors Weigh In On Carrier Global

A number of institutional investors have recently made changes to their positions in CARR. AdvisorShares Investments LLC acquired a new position in Carrier Global during the 2nd quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Carrier Global in the 3rd quarter valued at $25,000. YANKCOM Partnership lifted its stake in shares of Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after buying an additional 208 shares during the last quarter. Torren Management LLC bought a new position in Carrier Global during the fourth quarter worth $25,000. Finally, Winnow Wealth LLC acquired a new position in Carrier Global in the 2nd quarter valued at approximately $26,000. 91.00% of the stock is currently owned by institutional investors.

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.