Manning & Napier Advisors LLC Grows Stock Holdings in Carrier Global Corporation $CARR

Manning & Napier Advisors LLC grew its position in Carrier Global Corporation (NYSE:CARR) by 172.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,492 shares of the company’s stock after buying an additional 8,546 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Carrier Global were worth $760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in shares of Carrier Global by 6.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock worth $59,586,000 after acquiring an additional 72,906 shares during the period. Y.D. More Investments Ltd purchased a new position in Carrier Global in the fourth quarter valued at $1,556,000. Cardinal Capital Management Inc. grew its stake in Carrier Global by 11.3% during the 4th quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock worth $21,675,000 after purchasing an additional 41,647 shares in the last quarter. Canoe Financial LP grew its stake in Carrier Global by 607.5% during the 4th quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock worth $63,146,000 after purchasing an additional 1,026,147 shares in the last quarter. Finally, Avity Investment Management Inc. increased its holdings in Carrier Global by 4.3% during the 3rd quarter. Avity Investment Management Inc. now owns 443,914 shares of the company’s stock worth $26,502,000 after purchasing an additional 18,242 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 0.1%

Shares of NYSE CARR opened at $69.41 on Monday. The business has a 50-day moving average of $68.04 and a two-hundred day moving average of $62.15. The company has a market capitalization of $57.65 billion, a price-to-earnings ratio of 45.67, a price-to-earnings-growth ratio of 2.78 and a beta of 1.31. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $5.34 billion for 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 business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts forecast that Carrier Global Corporation will post 2.79 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Argus increased their price target on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Rothschild & Co Redburn upped their target price on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Wells Fargo & Company raised their target price on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Evercore lifted their price target on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Finally, Wolfe Research reiterated an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a report on Thursday. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $73.46.

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.