38,131 Carrier Global Corporation $CARR Shares Bought by Jacobs & Co. CA

Jacobs & Co. CA increased its stake in Carrier Global Corporation (NYSE:CARR) by 23.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 201,222 shares of the company’s stock after buying an additional 38,131 shares during the quarter. Jacobs & Co. CA’s holdings in Carrier Global were worth $11,039,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC boosted its holdings in Carrier Global by 2.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock worth $426,000 after acquiring an additional 158 shares during the period. Aigen Investment Management LP raised its stake in shares of Carrier Global by 0.3% during the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after purchasing an additional 166 shares during the period. Texas Bank & Trust Co lifted its position in shares of Carrier Global by 1.3% during the first quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock worth $742,000 after purchasing an additional 175 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in Carrier Global by 0.7% during the 1st quarter. Personal CFO Solutions LLC now owns 24,671 shares of the company’s stock valued at $1,389,000 after purchasing an additional 181 shares in the last quarter. Finally, PFG Investments LLC grew its holdings in Carrier Global by 2.8% during the 1st quarter. PFG Investments LLC now owns 7,242 shares of the company’s stock valued at $408,000 after purchasing an additional 198 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

Shares of CARR stock opened at $55.55 on Friday. The firm has a market cap of $45.79 billion, a P/E ratio of 38.58, a P/E/G ratio of 1.91 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. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The firm has a fifty day moving average of $58.55 and a two-hundred day moving average of $62.87.

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

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 29th. Carrier Global’s payout ratio is currently 66.67%.

Analysts Set New Price Targets

CARR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Carrier Global in a report on Friday. They issued a “neutral” rating and a $61.00 price objective on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on Carrier Global from $71.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, September 30th. The Goldman Sachs Group cut their price target on Carrier Global from $85.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. Sanford C. Bernstein reduced their price target on Carrier Global from $78.00 to $64.00 and set a “market perform” rating for the company in a report on Wednesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.93.

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, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.