Sequoia Financial Advisors LLC Grows Stock Position in Carrier Global Corporation $CARR

Sequoia Financial Advisors LLC boosted its position in shares of Carrier Global Corporation (NYSE:CARR) by 57.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,749 shares of the company’s stock after buying an additional 10,801 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Carrier Global were worth $1,572,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Capital International Investors raised its stake in shares of Carrier Global by 6.7% in the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after acquiring an additional 3,630,524 shares during the period. State Street Corp boosted its stake in shares of Carrier Global by 1.4% during the 3rd quarter. State Street Corp now owns 33,377,339 shares of the company’s stock worth $1,992,627,000 after purchasing an additional 473,692 shares during the period. Fisher Asset Management LLC grew its holdings in Carrier Global by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock valued at $903,807,000 after purchasing an additional 90,585 shares during the last quarter. Dodge & Cox grew its holdings in Carrier Global by 5.1% during the 3rd quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock valued at $801,634,000 after purchasing an additional 651,648 shares during the last quarter. Finally, PineStone Asset Management Inc. raised its position in Carrier Global by 34.6% in the 4th 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 during the period. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CARR. Zacks Research raised shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Robert W. Baird increased their price target on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Wolfe Research raised their price target on Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Argus boosted their price objective on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings raised Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.57.

Carrier Global Price Performance

Shares of CARR opened at $65.87 on Tuesday. The company has a 50 day moving average price of $60.07 and a 200-day moving average price of $58.04. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The stock has a market capitalization of $54.71 billion, a PE ratio of 43.33, a PEG ratio of 2.66 and a beta of 1.38. 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 (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. Carrier Global’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts predict that Carrier Global Corporation will post 2.8 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be issued a $0.24 dividend. The ex-dividend date is Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is currently 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.