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

Cullen Frost Bankers Inc. lessened its stake in Carrier Global Corporation (NYSE:CARR) by 5.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 205,714 shares of the company’s stock after selling 12,054 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Carrier Global were worth $10,870,000 at the end of the most recent reporting period.

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

Carrier Global Stock Performance

NYSE:CARR opened at $63.64 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The firm has a market capitalization of $52.86 billion, a PE ratio of 41.87, a PEG ratio of 2.44 and a beta of 1.38. The stock’s fifty day moving average is $60.56 and its 200 day moving average is $58.35.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the business earned $0.65 EPS. The business’s 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. On average, sell-side analysts anticipate that Carrier Global Corporation will post 2.8 earnings per share for the current year.

Carrier Global Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CARR shares. Robert W. Baird upped their price objective on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Royal Bank Of Canada boosted their price target on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. CICC Research lowered their price objective on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Rothschild & Co Redburn lifted their price objective on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company boosted their target price on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $73.78.

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.