Pacer Advisors Inc. Increases Position in Carrier Global Corporation $CARR

Pacer Advisors Inc. grew its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 20.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 147,481 shares of the company’s stock after buying an additional 25,400 shares during the quarter. Pacer Advisors Inc.’s holdings in Carrier Global were worth $7,793,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CARR. KERR FINANCIAL PLANNING Corp purchased a new position in Carrier Global during the 3rd quarter valued at $25,000. YANKCOM Partnership increased its stake in Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the period. Torren Management LLC purchased a new stake in Carrier Global in the fourth quarter worth $25,000. Global Wealth Strategies & Associates lifted its position 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 purchasing an additional 300 shares during the last quarter. Finally, True Wealth Design LLC lifted its position 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 purchasing an additional 427 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Evercore raised their price target on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Mizuho boosted their price objective on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Royal Bank Of Canada upped their target price on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, Rothschild & Co Redburn raised their target price on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Twelve equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.09.

Carrier Global Price Performance

CARR opened at $71.92 on Monday. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. 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 business’s fifty day simple moving average is $65.20 and its 200-day simple moving average is $60.28. The company has a market capitalization of $59.74 billion, a price-to-earnings ratio of 47.32, a PEG ratio of 2.88 and a beta of 1.34.

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

Carrier Global Dividend Announcement

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