Segall Bryant & Hamill LLC Has $17.36 Million Stake in Carrier Global Corporation $CARR

Segall Bryant & Hamill LLC trimmed its position in shares of Carrier Global Corporation (NYSE:CARR) by 3.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 308,328 shares of the company’s stock after selling 9,723 shares during the period. Segall Bryant & Hamill LLC’s holdings in Carrier Global were worth $17,362,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CARR. Massachusetts Financial Services Co. MA increased its stake in Carrier Global by 6.9% in 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 acquired a new stake 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% during the 4th 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 period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Carrier Global by 16.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,168 shares of the company’s stock valued at $8,093,000 after acquiring an additional 21,350 shares in the last quarter. Finally, Mandatum Life Insurance Co Ltd grew its holdings in shares of Carrier Global by 36.1% during the 1st quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company’s stock valued at $6,259,000 after acquiring an additional 29,495 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Up 0.9%

Carrier Global stock opened at $61.95 on Friday. The company has a market capitalization of $51.07 billion, a P/E ratio of 43.02, a P/E/G ratio of 2.39 and a beta of 1.31. The firm’s fifty day simple moving average is $68.51 and its 200-day simple moving average is $63.48. The company has a current ratio of 1.02, a quick ratio of 0.75 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. Carrier Global’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts forecast that Carrier Global Corporation will post 2.88 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CARR. JPMorgan Chase & Co. increased their price objective on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Wolfe Research restated an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a research note on Thursday, July 9th. Morgan Stanley boosted their target price on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Rothschild & Co Redburn upped their target price on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada raised their price target on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

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.