Carrier Global Corporation $CARR Shares Newly Acquired by NBT Bank N.A.

NBT Bank N.A. bought a new position in Carrier Global Corporation (NYSE:CARR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 52,042 shares of the company’s stock, valued at approximately $3,033,000.

A number of other large investors have also modified their holdings of the stock. Bank of New York Mellon Corp purchased a new stake in shares of Carrier Global during the 2nd quarter valued at about $590,759,000. Bank of America Corp DE acquired a new position in Carrier Global during the 2nd quarter worth approximately $572,908,000. Dimensional Fund Advisors LP lifted its position in Carrier Global by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company’s stock worth $354,188,000 after acquiring an additional 246,723 shares in the last quarter. Legal & General Group Plc acquired a new position in Carrier Global during the 2nd quarter worth approximately $322,366,000. Finally, Primecap Management Co. CA purchased a new position in Carrier Global in the 2nd quarter worth approximately $283,585,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global News Roundup

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Carrier plans to invest more than $600 million over the next three years in a Fort Worth, Texas, advanced manufacturing and engineering center. The more-than-1-million-square-foot facility is expected to create approximately 1,500 jobs and expand production of commercial chillers. Carrier to Invest More Than $600 Million to Expand Advanced U.S. Manufacturing and Engineering Capacity
• Positive Sentiment: The facility is intended to address record backlog and rising demand from data centers, healthcare, education and industrial customers. Reports specifically highlighted cooling equipment for artificial-intelligence data centers, strengthening Carrier’s position in a rapidly expanding infrastructure market. Carrier plans $600 million Texas plant to make cooling gear for AI data centers
• Neutral Sentiment: Carrier is expected to report earnings next week, with Wall Street looking for year-over-year earnings growth. Its latest reported quarter exceeded estimates, producing $0.86 in adjusted earnings per share on $6.35 billion of revenue, but investors are now focused on whether the company can sustain momentum and its full-year earnings outlook. Carrier Global Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Zacks cautioned that Carrier does not currently have the typical combination of favorable earnings-revision momentum and estimate trends associated with a likely earnings beat. That warning creates a near-term risk for the stock, particularly given its elevated valuation and the market’s expectations for growth. Carrier Global earnings expectations

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wells Fargo & Company began coverage on shares of Carrier Global in a research report on Thursday, September 24th. They issued an “overweight” rating and a $67.00 price objective for the company. Sanford C. Bernstein dropped their price objective on shares of Carrier Global from $78.00 to $64.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 7th. JPMorgan Chase & Co. initiated coverage on shares of Carrier Global in a research report on Friday, October 9th. They set a “neutral” rating and a $61.00 target price on the stock. Citigroup boosted their target price on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, Zacks Research downgraded shares of Carrier Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. Eleven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $70.43.

Carrier Global Stock Up 0.0%

Shares of Carrier Global stock opened at $56.47 on Friday. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The company has a market capitalization of $46.55 billion, a PE ratio of 39.22, a P/E/G ratio of 1.93 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The business has a 50-day moving average of $57.02 and a 200-day moving average of $62.85.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, equities analysts forecast that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, October 29th. Carrier Global’s dividend payout ratio (DPR) is 66.67%.

Carrier Global Profile

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.