Canoe Financial LP Trims Stock Holdings in Carrier Global Corporation $CARR

Canoe Financial LP lowered its holdings in Carrier Global Corporation (NYSE:CARR) by 9.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,080,150 shares of the company’s stock after selling 114,900 shares during the period. Canoe Financial LP’s holdings in Carrier Global were worth $60,823,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Patton Fund Management Inc. boosted its holdings in Carrier Global by 33.5% in the 1st quarter. Patton Fund Management Inc. now owns 5,437 shares of the company’s stock worth $306,000 after buying an additional 1,364 shares during the period. Patriot Financial Group Insurance Agency LLC raised its holdings in Carrier Global by 94.1% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 12,124 shares of the company’s stock valued at $683,000 after acquiring an additional 5,877 shares during the period. BKM Wealth Management LLC bought a new stake in Carrier Global during the 1st quarter valued at $193,000. Sterling Capital Management LLC lifted its position in shares of Carrier Global by 74.3% during the first quarter. Sterling Capital Management LLC now owns 2,580 shares of the company’s stock worth $145,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Cambient Family Office LLC lifted its position in shares of Carrier Global by 1.1% during the first quarter. Cambient Family Office LLC now owns 57,035 shares of the company’s stock worth $3,212,000 after acquiring an additional 618 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CARR has been the subject of several recent research reports. Citigroup lifted their price target on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, May 1st. The Goldman Sachs Group increased their price objective on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Morgan Stanley raised their target price on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Mizuho lifted their target price on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Finally, Sanford C. Bernstein began coverage on Carrier Global in a report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 target price for the company. Twelve equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.09.

Carrier Global Stock Down 0.0%

Shares of NYSE:CARR opened at $73.56 on Monday. The firm has a fifty day moving average price of $66.28 and a two-hundred day moving average price of $60.96. The company has a market cap of $61.09 billion, a price-to-earnings ratio of 48.39, a PEG ratio of 2.95 and a beta of 1.34. 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 Corporation has a one year low of $50.24 and a one year high of $81.09.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business’s quarterly revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts anticipate that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s payout ratio is presently 63.16%.

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.