Carrier Global Corporation $CARR Stock Purchased by Krilogy Financial LLC

Krilogy Financial LLC increased its position in shares of Carrier Global Corporation (NYSE:CARR) by 285.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,846 shares of the company’s stock after purchasing an additional 12,480 shares during the period. Krilogy Financial LLC’s holdings in Carrier Global were worth $934,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of Carrier Global during the 2nd quarter valued at $590,759,000. Bank of America Corp DE bought a new stake in shares of Carrier Global in the 2nd quarter worth $572,908,000. Legal & General Group Plc acquired a new stake in shares of Carrier Global in the second quarter valued at $322,366,000. Primecap Management Co. CA acquired a new stake in shares of Carrier Global in the second quarter valued at $283,585,000. Finally, Deutsche Bank AG acquired a new stake in shares of Carrier Global in the second quarter valued at $166,165,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on CARR shares. Wells Fargo & Company initiated coverage on Carrier Global in a research note on Thursday, September 24th. They set an “overweight” rating and a $67.00 target price for the company. 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 report on Wednesday, September 30th. Royal Bank Of Canada dropped their price target on shares of Carrier Global from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Wednesday. Zacks Research downgraded shares of Carrier Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Finally, Citigroup raised their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Carrier Global has an average rating of “Moderate Buy” and a consensus target price of $70.43.

Carrier Global Price Performance

Shares of NYSE:CARR traded down $0.06 on Friday, reaching $54.90. 6,567,312 shares of the company traded hands, compared to its average volume of 6,263,893. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. The company’s 50 day moving average is $57.60 and its 200-day moving average is $62.79. The stock has a market capitalization of $45.26 billion, a PE ratio of 38.12, a P/E/G ratio of 1.88 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 (NYSE:CARR) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, analysts anticipate that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

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

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.