38,131 Carrier Global Corporation $CARR Shares Purchased by Jacobs & Co. CA

Key Points

• Jacobs & Co. CA increased its Carrier Global stake by 23.4% in the third quarter, purchasing 38,131 additional shares for a total holding of 201,222 shares valued at approximately $11.0 million.
• Institutional ownership remains high at 91%, with several major firms—including Bank of New York Mellon, Bank of America and Legal & General—acquiring significant positions during the second quarter.
• Carrier reported quarterly EPS of $0.86, beating estimates of $0.82, while revenue rose 3.9% year over year to $6.35 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $71.93, and the company declared a quarterly dividend of $0.24 per share.

Jacobs & Co. CA raised its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 23.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,222 shares of the company's stock after purchasing an additional 38,131 shares during the period. Jacobs & Co. CA's holdings in Carrier Global were worth $11,039,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CARR. Bank of New York Mellon Corp acquired a new stake in Carrier Global during the second quarter worth approximately $590,759,000. Bank of America Corp DE acquired a new position in Carrier Global in the 2nd quarter valued at $572,908,000. Legal & General Group Plc acquired a new position in Carrier Global in the 2nd quarter valued at $322,366,000. Primecap Management Co. CA purchased a new position in shares of Carrier Global during the 2nd quarter worth $283,585,000. Finally, Deutsche Bank AG acquired a new stake in shares of Carrier Global during the second quarter worth $166,165,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $55.55 on Friday. The business's fifty day moving average price is $58.55 and its 200 day moving average price is $62.87. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $45.79 billion, a P/E ratio of 38.58, a PEG ratio of 1.91 and a beta of 1.29.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The company 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 firm's revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, research analysts anticipate that Carrier Global Corporation will post 2.87 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 29th. Carrier Global's payout ratio is 66.67%.

Analysts Set New Price Targets

Several equities analysts recently commented on CARR shares. Wolfe Research reiterated an "outperform" rating and issued a $80.00 target price on shares of Carrier Global in a research note on Thursday, July 9th. Wells Fargo & Company assumed coverage on Carrier Global in a research note on Thursday, September 24th. They issued an "overweight" rating and a $67.00 price target on the stock. Sanford C. Bernstein lowered their price target on Carrier Global from $78.00 to $64.00 and set a "market perform" rating for the company in a report on Wednesday. Zacks Research downgraded shares of Carrier Global from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 1st. Finally, Citigroup increased their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, July 13th. Twelve investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $71.93.

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.

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