Carrier Global Corporation $CARR Shares Acquired by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its Carrier Global stake by 42.3% in the third quarter, buying 108,531 additional shares for a total holding of 364,882 shares valued at approximately $20 million. Institutional investors collectively own about 91% of the company.
• Carrier reported quarterly earnings of $0.86 per share and revenue of $6.35 billion, exceeding analyst expectations, while revenue grew 3.9% year over year. The company also maintained a quarterly dividend of $0.24 per share, representing a 1.7% yield.
• Analyst sentiment remains positive but mixed, with an overall “Moderate Buy” rating and a consensus price target of $70.43 versus the stock’s reported price of $56.42. Recent actions included price-target cuts from several firms and Goldman Sachs downgrading the shares to “neutral.”

Nisa Investment Advisors LLC grew its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 42.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 364,882 shares of the company's stock after buying an additional 108,531 shares during the quarter. Nisa Investment Advisors LLC's holdings in Carrier Global were worth $20,017,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CARR. Robeco Institutional Asset Management B.V. boosted its holdings in Carrier Global by 269.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 118,806 shares of the company's stock valued at $6,646,000 after acquiring an additional 86,665 shares in the last quarter. LCM Capital Management Inc increased its position in Carrier Global by 129.6% during the 3rd quarter. LCM Capital Management Inc now owns 13,714 shares of the company's stock valued at $752,000 after purchasing an additional 7,740 shares during the period. West Branch Capital LLC raised its holdings in Carrier Global by 127.3% in the 3rd quarter. West Branch Capital LLC now owns 875 shares of the company's stock worth $48,000 after purchasing an additional 490 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in Carrier Global by 8.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 15,460 shares of the company's stock worth $848,000 after purchasing an additional 1,266 shares in the last quarter. Finally, Tred Avon Family Wealth LLC raised its holdings in Carrier Global by 74.6% in the 3rd quarter. Tred Avon Family Wealth LLC now owns 8,232 shares of the company's stock worth $452,000 after purchasing an additional 3,517 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Trading Up 0.4%

NYSE CARR opened at $56.42 on Thursday. 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 twelve month low of $50.24 and a twelve month high of $76.76. The firm has a market capitalization of $46.51 billion, a PE ratio of 39.18, a P/E/G ratio of 1.92 and a beta of 1.29. The stock's 50 day moving average is $57.15 and its 200 day moving average is $62.84.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $6.35 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Research analysts forecast that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, October 29th. Carrier Global's payout ratio is 66.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CARR shares. Wolfe Research reaffirmed an "outperform" rating and issued a $80.00 target price on shares of Carrier Global in a research report on Thursday, July 9th. Royal Bank Of Canada reduced 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, October 14th. The Goldman Sachs Group cut shares of Carrier Global from a "buy" rating to a "neutral" rating and reduced their price target for the company from $74.00 to $61.00 in a research report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Carrier Global from $71.00 to $64.00 and set a "hold" rating for the company in a research note on Wednesday, September 30th. Finally, Zacks Research lowered shares of Carrier Global from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 1st. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $70.43.

Carrier Global Profile

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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