Wesbanco Bank Inc. Has $10.65 Million Position in Carrier Global Corporation $CARR

Wesbanco Bank Inc. raised its stake in shares of Carrier Global Corporation (NYSE:CARR) by 20.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 201,559 shares of the company’s stock after buying an additional 34,113 shares during the period. Wesbanco Bank Inc.’s holdings in Carrier Global were worth $10,650,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CARR. Capital International Investors boosted its stake in shares of Carrier Global by 6.7% during the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after buying an additional 3,630,524 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Carrier Global by 506.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock valued at $249,977,000 after buying an additional 3,496,372 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Carrier Global by 461.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock valued at $130,003,000 after buying an additional 2,022,136 shares during the period. PineStone Asset Management Inc. raised its holdings in shares of Carrier Global by 34.6% during the 4th quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock valued at $377,987,000 after purchasing an additional 1,837,985 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Carrier Global by 29.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,740,099 shares of the company’s stock valued at $402,384,000 after purchasing an additional 1,525,266 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of CARR opened at $66.79 on Friday. The company has a market capitalization of $55.48 billion, a PE ratio of 43.94, a price-to-earnings-growth ratio of 2.68 and a beta of 1.38. Carrier Global Corporation has a one year low of $50.24 and a one 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. The company’s fifty day moving average price is $59.91 and its 200 day moving average price is $57.93.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, analysts expect that Carrier Global Corporation will post 2.8 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, May 4th. Carrier Global’s payout ratio is 63.16%.

More Carrier Global News

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

• Positive Sentiment: Carrier announced and broke ground on a new ₹1,000 crore air-conditioning facility in Sri City, Andhra Pradesh, which will also serve as an export hub. The move signals capacity expansion, deeper manufacturing localization, and a bigger growth runway in India. Article: Andhra Minister lays foundation stone for Carrier Global’s ₹1,000 cr AC facility in Sri City
• Positive Sentiment: Company commentary and local reports said India is becoming a key export hub for Carrier due to Sri City’s port access, reinforcing expectations for international sales growth and improved supply-chain efficiency. Article: India becoming key export hub for Carrier thanks to port advantage: CEO Gitlin
• Positive Sentiment: Analyst coverage turned supportive, with Rothschild & Co Redburn raising its price target to $73 and Argus reiterating a constructive outlook, which can help sentiment around the shares. Article: Rothschild & Co Redburn Boosts Carrier Global (NYSE:CARR) Price Target to $73.00 Article: Argus Forecasts Strong Price Appreciation for Carrier Global (NYSE:CARR) Stock
• Neutral Sentiment: Several articles recapped Carrier’s Q1 earnings call, reflecting continued investor focus on execution and guidance rather than a new catalyst. Article: 5 insightful analyst questions from Carrier Global’s Q1 earnings call

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. BNP Paribas Exane assumed coverage on shares of Carrier Global in a report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target on the stock. Evercore raised their price target on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Argus raised their price target on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday. Barclays raised their price target on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Twelve 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 currently has an average rating of “Moderate Buy” and an average target price of $73.57.

Carrier Global Company Profile

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.