Canandaigua National Bank & Trust Co. Purchases Shares of 53,145 Carrier Global Corporation $CARR

Canandaigua National Bank & Trust Co. purchased a new position in Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 53,145 shares of the company’s stock, valued at approximately $3,898,000.

Other institutional investors have also modified their holdings of the company. Torren Management LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at $25,000. Garton & Associates Financial Advisors LLC purchased a new position in Carrier Global in the fourth quarter worth approximately $33,000. Signature Equity Partners LLC lifted its stake in Carrier Global by 449.2% in the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after acquiring an additional 530 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in Carrier Global during the 4th quarter worth approximately $39,000. Finally, Reflection Asset Management purchased a new stake in shares of Carrier Global in the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CARR. Sanford C. Bernstein restated a “market perform” rating and issued a $78.00 price objective on shares of Carrier Global in a report on Thursday, July 30th. JPMorgan Chase & Co. increased their target price on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Royal Bank Of Canada raised their price target on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Mizuho lifted their price target on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Finally, BNP Paribas Exane began coverage on Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Stock Up 4.0%

CARR stock opened at $65.67 on Wednesday. The stock has a market cap of $54.13 billion, a P/E ratio of 45.60, a PEG ratio of 2.45 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The company’s 50 day moving average is $68.53 and its two-hundred day moving average is $63.66.

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 the consensus estimate of $0.82 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations 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. Research analysts expect that Carrier Global Corporation will post 2.88 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 Monday, August 10th. Investors of record on Tuesday, July 21st will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. Carrier Global’s payout ratio is 66.67%.

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.