Carrier Global Corporation $CARR Stock Bought by YHB Investment Advisors Inc.

Key Points

• YHB Investment Advisors increased its Carrier Global stake by 67.8% in the third quarter, bringing its holdings to 74,460 shares valued at approximately $4.1 million. Institutional investors collectively own about 91% of the company.
• Analysts maintain a generally positive outlook, with Carrier receiving a consensus “Moderate Buy” rating and an average price target of $72.27, despite several firms recently lowering their targets.
• Carrier shares rose 0.9% to $55.51, while the company reported quarterly EPS of $0.86 and revenue of $6.35 billion, both above analyst expectations. It also declared a quarterly dividend of $0.24 per share, equivalent to a 1.7% annual yield.

YHB Investment Advisors Inc. raised its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 67.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,460 shares of the company's stock after purchasing an additional 30,079 shares during the quarter. YHB Investment Advisors Inc.'s holdings in Carrier Global were worth $4,085,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CARR. Bank of New York Mellon Corp purchased a new stake in shares of Carrier Global in the 2nd quarter valued at approximately $590,759,000. Bank of America Corp DE acquired a new stake in Carrier Global in the 2nd quarter valued at approximately $572,908,000. Dimensional Fund Advisors LP increased its holdings in Carrier Global by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company's stock valued at $354,188,000 after purchasing an additional 246,723 shares during the last quarter. Legal & General Group Plc purchased a new stake in Carrier Global in the second quarter valued at approximately $322,366,000. Finally, Primecap Management Co. CA acquired a new position in Carrier Global during the second quarter worth $283,585,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carrier Global in a research note on Monday, July 20th. Wells Fargo & Company initiated coverage on Carrier Global in a report on Thursday, September 24th. They set an "overweight" rating and a $67.00 target price for the company. 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. Sanford C. Bernstein cut their price target on shares of Carrier Global from $78.00 to $64.00 and set a "market perform" rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group reduced their price target on shares of Carrier Global from $85.00 to $74.00 and set a "buy" rating on the stock in a research report on Wednesday, September 30th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Carrier Global currently has a consensus rating of "Moderate Buy" and an average price target of $72.27.

Carrier Global Stock Up 0.9%

NYSE CARR traded up $0.51 during trading hours on Thursday, hitting $55.51. 1,795,396 shares of the company were exchanged, compared to its average volume of 6,789,072. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The firm has a market cap of $45.76 billion, a price-to-earnings ratio of 38.56, a PEG ratio of 1.92 and a beta of 1.29. The company has a 50 day moving average of $58.79 and a two-hundred day moving average of $62.93. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $76.76.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) 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 business had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.02 billion. During the same quarter last year, the business posted $0.92 EPS. The business's quarterly 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 research analysts anticipate that Carrier Global Corporation will post 2.87 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Thursday, October 29th will be issued a $0.24 dividend. 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 dividend payout ratio (DPR) is presently 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.

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