Carrier Global Corporation $CARR Shares Purchased by Lipe & Dalton

Key Points

• Lipe & Dalton increased its Carrier Global stake by 185% in the third quarter, holding 39,797 shares valued at approximately $2.18 million. Institutional investors and hedge funds collectively own 91% of the company.
• Analyst sentiment remains positive but cautious: Carrier has a “Moderate Buy” consensus rating and an average price target of $70.71, although several firms recently lowered their targets.
• Carrier reported quarterly EPS of $0.86, beating estimates, while revenue rose 3.9% year over year to $6.35 billion. The company also declared a quarterly dividend of $0.24 per share, representing a 1.8% yield.

Lipe & Dalton boosted its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 185.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,797 shares of the company's stock after buying an additional 25,835 shares during the period. Lipe & Dalton's holdings in Carrier Global were worth $2,183,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Johnson Financial Group Inc. acquired a new stake in shares of Carrier Global in the second quarter worth $25,000. Meeder Asset Management Inc. bought a new position in Carrier Global during the second quarter worth $26,000. Financial Management Professionals Inc. raised its stake in Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company's stock valued at $28,000 after purchasing an additional 225 shares during the last quarter. Burnham & Co LLC bought a new position in shares of Carrier Global during the 2nd quarter worth about $37,000. Finally, Downshift Financial LLC increased its holdings in shares of Carrier Global by 69.5% during the 3rd quarter. Downshift Financial LLC now owns 517 shares of the company's stock worth $28,000 after purchasing an additional 212 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CARR shares. The Goldman Sachs Group cut shares of Carrier Global from a "buy" rating to a "neutral" rating and reduced their target price for the company from $74.00 to $61.00 in a research note on Wednesday. Citigroup boosted their price target on Carrier Global from $79.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, July 13th. Sanford C. Bernstein cut 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, October 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carrier Global in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Carrier Global from $71.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, September 30th. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $70.71.

Carrier Global Stock Down 1.5%

NYSE CARR opened at $54.21 on Thursday. 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's 50 day moving average is $57.96 and its two-hundred day moving average is $62.84. The company has a market capitalization of $44.68 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 1.88 and a beta of 1.29. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76.

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 for the quarter, beating the consensus estimate of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the prior year, the company posted $0.92 EPS. The company's revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts forecast that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.8%. Carrier Global's dividend payout ratio (DPR) is presently 66.67%.

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, 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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