Carrier Global Corporation $CARR Shares Bought by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. raised its holdings in Carrier Global Corporation (NYSE:CARR) by 7.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 575,335 shares of the company’s stock after purchasing an additional 37,934 shares during the period. Carrier Global accounts for approximately 1.0% of Cardinal Capital Management Inc.’s portfolio, making the stock its 29th largest holding. Cardinal Capital Management Inc.’s holdings in Carrier Global were worth $42,201,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares during the last quarter. AQR Capital Management LLC lifted its stake in Carrier Global by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after buying an additional 23,200 shares in the last quarter. United Bank grew its holdings in Carrier Global by 41.2% during the 2nd quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after buying an additional 4,956 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in Carrier Global by 33.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after buying an additional 4,277 shares during the last quarter. Finally, Guggenheim Capital LLC grew its holdings in Carrier Global by 6.0% during the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after buying an additional 561 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on CARR. Wolfe Research reissued an “outperform” rating and issued a $80.00 price target on shares of Carrier Global in a report on Thursday, July 9th. Barclays increased their price objective on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Argus lifted their price objective on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group boosted their target price on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Finally, Morgan Stanley upped their target price on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Stock Performance

Shares of CARR stock opened at $63.58 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. The firm has a market capitalization of $52.41 billion, a price-to-earnings ratio of 44.15, a price-to-earnings-growth ratio of 2.45 and a beta of 1.31. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The company has a 50 day moving average price of $68.47 and a 200 day moving average price of $63.94.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. 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 business earned $0.92 EPS. Carrier Global’s revenue for the quarter was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts anticipate that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global’s payout ratio is 66.67%.

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.