Carrier Global Corporation $CARR Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC grew its stake in Carrier Global Corporation (NYSE:CARR) by 47.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 115,977 shares of the company’s stock after buying an additional 37,196 shares during the quarter. NEOS Investment Management LLC’s holdings in Carrier Global were worth $6,924,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. AdvisorShares Investments LLC purchased a new position in shares of Carrier Global in the 2nd quarter valued at about $25,000. Winnow Wealth LLC purchased a new stake in Carrier Global during the 2nd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Carrier Global during the second quarter valued at approximately $26,000. Clayton Financial Group LLC acquired a new position in shares of Carrier Global during the third quarter valued at approximately $26,000. Finally, Traub Capital Management LLC purchased a new position in shares of Carrier Global in the second quarter valued at approximately $27,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CARR shares. Wells Fargo & Company increased their price objective on Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Carrier Global in a research report on Monday, December 29th. Citigroup increased their price objective on shares of Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Barclays cut their price target on Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.60.

Carrier Global Trading Down 3.1%

Shares of NYSE CARR opened at $64.38 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $53.81 billion, a PE ratio of 37.65, a PEG ratio of 2.67 and a beta of 1.33. The stock has a fifty day simple moving average of $57.33 and a 200-day simple moving average of $58.83. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Tuesday, January 20th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.5%. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, January 20th. Carrier Global’s dividend payout ratio is currently 56.14%.

Carrier Global declared that its board has initiated a stock repurchase plan on Tuesday, October 28th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 10.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.