PNC Financial Services Group Inc. Has $46.92 Million Position in Carrier Global Corporation $CARR

PNC Financial Services Group Inc. cut its stake in shares of Carrier Global Corporation (NYSE:CARR) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 887,987 shares of the company’s stock after selling 58,414 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Carrier Global were worth $46,921,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CARR. KERR FINANCIAL PLANNING Corp bought a new position in Carrier Global during the 3rd quarter valued at about $25,000. Torren Management LLC bought a new stake in Carrier Global during the fourth quarter worth about $25,000. YANKCOM Partnership grew its stake in Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after buying an additional 208 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of Carrier Global by 723.7% during the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after buying an additional 427 shares in the last quarter. Finally, Global Wealth Strategies & Associates increased its holdings in shares of Carrier Global by 150.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CARR shares. Citigroup boosted their target price on Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Mizuho lifted their price objective on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Royal Bank Of Canada increased their target price on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Evercore lifted their price target on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and an average target price of $73.78.

Carrier Global Price Performance

Shares of CARR opened at $62.23 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The stock has a market cap of $51.68 billion, a P/E ratio of 40.94, a price-to-earnings-growth ratio of 2.53 and a beta of 1.38. The stock’s 50-day moving average price is $60.64 and its two-hundred day moving average price is $58.37. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09.

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 during 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 quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities analysts predict that Carrier Global Corporation will post 2.8 earnings per share for the current year.

Carrier Global Announces Dividend

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