Carrier Global Corporation $CARR Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP raised its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 336.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,841 shares of the company’s stock after acquiring an additional 64,630 shares during the quarter. Quantbot Technologies LP’s holdings in Carrier Global were worth $5,005,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. AdvisorShares Investments LLC acquired a new position in Carrier Global in the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carrier Global during the second quarter worth approximately $26,000. Winnow Wealth LLC acquired a new stake in Carrier Global during the second quarter worth approximately $26,000. Traub Capital Management LLC purchased a new stake in shares of Carrier Global during the 2nd quarter worth approximately $27,000. Finally, Clayton Financial Group LLC acquired a new position in shares of Carrier Global in the 3rd quarter valued at $26,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CARR shares. JPMorgan Chase & Co. increased their target price on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. Argus raised their price objective on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Mizuho cut their target price on Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Finally, The Goldman Sachs Group boosted their target price on Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a report on Friday, February 6th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.82.

Carrier Global Stock Performance

Shares of CARR stock opened at $64.43 on Friday. The stock’s 50-day moving average price is $58.74 and its 200 day moving average price is $58.69. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $53.85 billion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 2.58 and a beta of 1.33. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Tuesday, January 20th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a $0.96 annualized dividend and a yield of 1.5%. This is an increase from Carrier Global’s previous quarterly dividend of $0.23. Carrier Global’s dividend payout ratio is presently 56.14%.

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.