Carrier Global Corporation $CARR Stock Sold by Canoe Financial LP

Canoe Financial LP lessened its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 939,200 shares of the company's stock after selling 58,900 shares during the quarter. Canoe Financial LP owned about 0.11% of Carrier Global worth $51,863,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Sawyer & Company Inc acquired a new stake in Carrier Global during the 3rd quarter worth $82,000. Quadrant Capital Group LLC raised its position in shares of Carrier Global by 22.3% in the third quarter. Quadrant Capital Group LLC now owns 21,306 shares of the company's stock valued at $1,169,000 after buying an additional 3,886 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in shares of Carrier Global by 141.9% in the third quarter. Physician Wealth Advisors Inc. now owns 1,096 shares of the company's stock valued at $60,000 after buying an additional 643 shares during the last quarter. Carnegie Investment Counsel lifted its stake in shares of Carrier Global by 46.7% in the third quarter. Carnegie Investment Counsel now owns 34,170 shares of the company's stock worth $1,875,000 after buying an additional 10,879 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in shares of Carrier Global by 10.8% in the third quarter. Pinnacle Associates Ltd. now owns 46,569 shares of the company's stock worth $2,693,000 after buying an additional 4,552 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CARR shares. Zacks Research lowered shares of Carrier Global from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 1st. Royal Bank Of Canada cut their price objective on shares of Carrier Global from $82.00 to $72.00 and set an "outperform" rating for the company in a report on Wednesday, October 14th. Sanford C. Bernstein decreased their target price 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, October 7th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Carrier Global from $71.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, September 30th. Finally, Wells Fargo & Company assumed coverage on Carrier Global in a report on Thursday, September 24th. They set an "overweight" rating and a $67.00 target price on the stock. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.43.

Carrier Global Trading Up 0.4%

CARR opened at $56.42 on Thursday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The stock 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 business's 50 day moving average price is $57.15 and its 200 day moving average price is $62.84. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data 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 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 for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, equities research analysts expect that Carrier Global Corporation will post 2.87 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, October 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.7%. Carrier Global's dividend payout ratio is currently 66.67%.

Carrier Global Company 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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