Dimensional Fund Advisors LP Purchases 246,723 Shares of Carrier Global Corporation $CARR

Dimensional Fund Advisors LP boosted its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 4.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 6,291,311 shares of the company’s stock after buying an additional 246,723 shares during the period. Dimensional Fund Advisors LP’s holdings in Carrier Global were worth $354,188,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in Carrier Global by 1.1% in the 4th quarter. State Street Corp now owns 33,728,829 shares of the company’s stock worth $1,782,231,000 after acquiring an additional 351,490 shares during the last quarter. Morgan Stanley boosted its position in shares of Carrier Global by 1.8% during the 4th quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock valued at $621,264,000 after acquiring an additional 210,952 shares during the last quarter. Norges Bank bought a new stake in shares of Carrier Global during the 4th quarter valued at about $380,299,000. PineStone Asset Management Inc. grew its holdings in shares of Carrier Global by 34.6% during the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock worth $377,987,000 after purchasing an additional 1,837,985 shares in the last quarter. Finally, Fiera Capital Corp grew its holdings in shares of Carrier Global by 5.3% during the fourth quarter. Fiera Capital Corp now owns 6,923,485 shares of the company’s stock worth $365,837,000 after purchasing an additional 348,812 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CARR. Wells Fargo & Company lifted their target price on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Mizuho increased their price target on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Weiss Ratings upgraded shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Wolfe Research restated an “outperform” rating and set a $80.00 price objective on shares of Carrier Global in a research report on Thursday, July 9th. Finally, Robert W. Baird lifted their price objective on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.51.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $66.68 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The company has a fifty day moving average of $68.32 and a 200-day moving average of $62.90. The stock has a market capitalization of $55.38 billion, a price-to-earnings ratio of 43.87, a price-to-earnings-growth ratio of 2.68 and a beta of 1.31.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts expect that Carrier Global Corporation will post 2.79 EPS for the current year.

Carrier Global Announces Dividend

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 paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s payout ratio is 63.16%.

About Carrier Global

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.