Welch Group LLC Has $8.06 Million Stake in Carrier Global Corporation $CARR

Welch Group LLC grew its stake in shares of Carrier Global Corporation (NYSE:CARR) by 13.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 143,179 shares of the company’s stock after purchasing an additional 17,173 shares during the period. Welch Group LLC’s holdings in Carrier Global were worth $8,062,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Carrier Global in the fourth quarter valued at approximately $380,299,000. Capital International Investors grew its holdings in Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after buying an additional 3,630,524 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Carrier Global by 506.1% during the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock worth $249,977,000 after buying an additional 3,496,372 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Carrier Global by 461.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after buying an additional 2,022,136 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Carrier Global in the 4th quarter valued at $99,839,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CARR shares. Weiss Ratings upgraded Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Morgan Stanley increased their target price on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Royal Bank Of Canada raised their price target on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Mizuho boosted their price target on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Finally, Wells Fargo & Company upped their price objective on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average price target of $74.09.

Carrier Global Trading Down 3.2%

NYSE CARR opened at $73.56 on Friday. The stock has a market capitalization of $61.09 billion, a price-to-earnings ratio of 48.39, a PEG ratio of 3.05 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The business’s fifty day moving average is $66.28 and its 200-day moving average is $60.90.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts predict that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be paid a $0.24 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.3%. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

Carrier Global 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.