Cullen Frost Bankers Inc. Sells 12,054 Shares of Carrier Global Corporation $CARR

Cullen Frost Bankers Inc. decreased its position in Carrier Global Corporation (NYSE:CARR) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,714 shares of the company’s stock after selling 12,054 shares during the period. Cullen Frost Bankers Inc.’s holdings in Carrier Global were worth $10,870,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Becker Capital Management Inc. boosted its holdings in Carrier Global by 5.6% in the third quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock worth $25,405,000 after purchasing an additional 22,377 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Carrier Global by 6.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock valued at $59,586,000 after buying an additional 72,906 shares during the period. Y.D. More Investments Ltd bought a new position in shares of Carrier Global during the 4th quarter valued at $1,556,000. Cardinal Capital Management Inc. boosted its stake in shares of Carrier Global by 11.3% in the 4th quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock worth $21,675,000 after buying an additional 41,647 shares during the last quarter. Finally, Canoe Financial LP grew its holdings in shares of Carrier Global by 607.5% in the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock worth $63,146,000 after acquiring an additional 1,026,147 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CARR has been the topic of a number of recent research reports. The Goldman Sachs Group increased their target price on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Citigroup upped their price target on shares of Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Barclays raised their price objective on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.78.

Carrier Global Stock Up 3.6%

CARR stock opened at $63.64 on Thursday. The business’s 50-day moving average price is $60.56 and its 200-day moving average price is $58.35. The stock has a market cap of $52.86 billion, a P/E ratio of 41.87, a PEG ratio of 2.44 and a beta of 1.38. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. Carrier Global Corporation 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, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities research analysts forecast that Carrier Global Corporation will post 2.8 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, May 4th. Carrier Global’s dividend payout ratio is presently 63.16%.

Carrier Global 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.