52,042 Shares in Carrier Global Corporation $CARR Purchased by NBT Bank N.A.

Key Points

• NBT Bank purchased 52,042 Carrier Global shares worth approximately $3.03 million in the third quarter. Institutional investors collectively own about 91% of CARR’s outstanding stock.
• Carrier plans to invest more than $600 million in a Fort Worth manufacturing and engineering center, expected to create roughly 1,500 jobs and expand commercial-chiller production for growing data-center and other infrastructure demand.
• Carrier’s latest quarter beat estimates with $0.86 adjusted EPS and $6.35 billion in revenue, but analysts remain divided ahead of earnings; the stock holds a “Moderate Buy” consensus rating with a $70.43 average price target.

NBT Bank N.A. purchased a new position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,042 shares of the company's stock, valued at approximately $3,033,000.

A number of other large investors also recently bought and sold shares of CARR. Bank of New York Mellon Corp acquired a new position in shares of Carrier Global in the 2nd quarter valued at $590,759,000. Bank of America Corp DE purchased a new stake in shares of Carrier Global during the 2nd quarter valued at $572,908,000. Dimensional Fund Advisors LP grew its stake in shares of Carrier Global by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company's stock valued at $354,188,000 after buying an additional 246,723 shares during the period. Legal & General Group Plc purchased a new stake in shares of Carrier Global during the 2nd quarter valued at $322,366,000. Finally, Primecap Management Co. CA acquired a new stake in shares of Carrier Global during the 2nd quarter worth $283,585,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Key Stories Impacting Carrier Global

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Carrier plans to invest more than $600 million over the next three years in a Fort Worth, Texas, advanced manufacturing and engineering center. The more-than-1-million-square-foot facility is expected to create approximately 1,500 jobs and expand production of commercial chillers. Carrier to Invest More Than $600 Million to Expand Advanced U.S. Manufacturing and Engineering Capacity
• Positive Sentiment: The facility is intended to address record backlog and rising demand from data centers, healthcare, education and industrial customers. Reports specifically highlighted cooling equipment for artificial-intelligence data centers, strengthening Carrier’s position in a rapidly expanding infrastructure market. Carrier plans $600 million Texas plant to make cooling gear for AI data centers
• Neutral Sentiment: Carrier is expected to report earnings next week, with Wall Street looking for year-over-year earnings growth. Its latest reported quarter exceeded estimates, producing $0.86 in adjusted earnings per share on $6.35 billion of revenue, but investors are now focused on whether the company can sustain momentum and its full-year earnings outlook. Carrier Global Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Zacks cautioned that Carrier does not currently have the typical combination of favorable earnings-revision momentum and estimate trends associated with a likely earnings beat. That warning creates a near-term risk for the stock, particularly given its elevated valuation and the market’s expectations for growth. Carrier Global earnings expectations

Carrier Global Trading Up 0.0%

Shares of CARR stock opened at $56.47 on Friday. The stock has a market cap of $46.55 billion, a price-to-earnings ratio of 39.22, a price-to-earnings-growth ratio of 1.93 and a beta of 1.29. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. The firm's 50 day moving average price is $57.02 and its two-hundred day moving average price is $62.85.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. Carrier Global's revenue for the quarter was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, analysts anticipate that Carrier Global Corporation will post 2.87 EPS for the current year.

Carrier Global Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on CARR shares. Citigroup upped their price objective on Carrier Global from $79.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, July 13th. Wells Fargo & Company initiated coverage on Carrier Global in a report on Thursday, September 24th. They issued an "overweight" rating and a $67.00 target price on the stock. The Goldman Sachs Group downgraded Carrier Global from a "buy" rating to a "neutral" rating and lowered their price target for the company from $74.00 to $61.00 in a research report on Wednesday, October 14th. Zacks Research lowered Carrier Global from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Carrier Global from $71.00 to $64.00 and set a "hold" rating for the company in a research note on Wednesday, September 30th. Eleven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $70.43.

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, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.

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