Carrier Global Corporation $CARR Position Raised by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 42.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 364,882 shares of the company’s stock after purchasing an additional 108,531 shares during the period. Nisa Investment Advisors LLC’s holdings in Carrier Global were worth $20,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its stake in shares of Carrier Global by 269.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 118,806 shares of the company’s stock worth $6,646,000 after buying an additional 86,665 shares during the last quarter. LCM Capital Management Inc raised its stake in Carrier Global by 129.6% during the third quarter. LCM Capital Management Inc now owns 13,714 shares of the company’s stock valued at $752,000 after buying an additional 7,740 shares during the last quarter. West Branch Capital LLC raised its stake in Carrier Global by 127.3% during the third quarter. West Branch Capital LLC now owns 875 shares of the company’s stock valued at $48,000 after buying an additional 490 shares during the last quarter. Prime Capital Investment Advisors LLC raised its stake in Carrier Global by 8.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 15,460 shares of the company’s stock valued at $848,000 after buying an additional 1,266 shares during the last quarter. Finally, Tred Avon Family Wealth LLC raised its stake in Carrier Global by 74.6% during the third quarter. Tred Avon Family Wealth LLC now owns 8,232 shares of the company’s stock valued at $452,000 after buying an additional 3,517 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CARR. Zacks Research downgraded Carrier Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Royal Bank Of Canada reduced their price target on Carrier Global from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Wednesday, October 14th. The Goldman Sachs Group downgraded Carrier Global from a “buy” rating to a “neutral” rating and reduced their price target for the company from $74.00 to $61.00 in a report on Wednesday, October 14th. Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Carrier Global from $71.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.43.

Carrier Global Trading Up 0.4%

NYSE:CARR opened at $56.42 on Thursday. The company’s 50 day moving average price is $57.15 and its 200-day moving average price is $62.84. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The stock has a market cap of $46.51 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 1.92 and a beta of 1.29.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The firm’s quarterly 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. On average, equities research analysts forecast that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, October 29th. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

Carrier Global Company 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.