13,954 Carrier Global Corporation $CARR Shares Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. boosted its position in shares of Carrier Global Corporation (NYSE:CARR) by 46.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,950 shares of the company’s stock after buying an additional 13,954 shares during the quarter. Wedbush Securities Inc.’s holdings in Carrier Global were worth $2,411,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in shares of Carrier Global during the second quarter worth $590,759,000. Bank of America Corp DE bought a new position in Carrier Global in the second quarter valued at about $572,908,000. Dimensional Fund Advisors LP boosted its holdings in Carrier Global by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company’s stock valued at $354,188,000 after acquiring an additional 246,723 shares during the last quarter. Legal & General Group Plc bought a new position in Carrier Global in the second quarter valued at about $322,366,000. Finally, Primecap Management Co. CA acquired a new stake in Carrier Global in the second quarter worth about $283,585,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Down 0.4%

NYSE:CARR opened at $56.26 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 current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The stock has a market cap of $46.38 billion, a price-to-earnings ratio of 39.07, a PEG ratio of 1.92 and a beta of 1.29. The stock has a 50-day moving average price of $56.88 and a two-hundred day moving average price of $62.80.

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

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Investors 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 of this dividend is Thursday, October 29th. Carrier Global’s dividend payout ratio is presently 66.67%.

Analysts Set New Price Targets

Several analysts have weighed in on CARR shares. Zacks Research cut Carrier Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Mizuho reduced their target price on shares of Carrier Global from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carrier Global in a research report on Friday, October 16th. The Goldman Sachs Group cut shares of Carrier Global from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $74.00 to $61.00 in a research report on Wednesday, October 14th. Finally, Wolfe Research reissued an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research note on Thursday, July 9th. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus price target of $70.43.

Trending Headlines about Carrier Global

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 new, more than 1-million-square-foot advanced manufacturing and engineering center in Fort Worth, Texas. The facility is expected to create approximately 1,500 jobs and expand production of commercial chillers. Carrier Texas investment announcement
• Positive Sentiment: The investment is intended to address record backlog and strong demand from data centers, healthcare, education, industrial customers and other commercial markets. Rising data-center demand for cooling infrastructure could provide Carrier with a long-term growth opportunity. Carrier plans Texas expansion
• Neutral Sentiment: The project strengthens Carrier’s U.S. manufacturing and supply-chain footprint, but the spending will occur over several years. The announcement does not provide a specific near-term revenue or earnings contribution, while construction and ramp-up costs could precede the benefits.
• Neutral Sentiment: Carrier is scheduled to report earnings next week. Analysts expect fiscal 2026 earnings of roughly $2.87 per share, compared with company guidance of $2.90, making the report and management’s outlook important near-term catalysts. Carrier upcoming earnings expectations
• Negative Sentiment: Zacks cautions that Carrier does not currently have the strongest combination of earnings and revenue-estimate trends for a likely earnings beat. With the shares trading at a relatively high price-to-earnings ratio near 39, disappointing results or conservative guidance could weigh on the stock.

About Carrier Global

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.