Dimensional Fund Advisors LP Has $354.19 Million Holdings in Carrier Global Corporation $CARR

Key Points

• Dimensional Fund Advisors LP increased its Carrier Global stake by 4.1% in the first quarter, ending with 6.29 million shares worth about $354.2 million. Institutional investors now own 91% of the company.
• Carrier Global reported better-than-expected Q1 earnings of $0.57 per share on revenue of $5.34 billion, topping analyst estimates. Revenue rose 2.4% year over year, and the company maintained FY 2026 guidance of 2.80 EPS.
• The company also announced a quarterly dividend of $0.24 per share, or $0.96 annually, for a yield of about 1.4%. Analysts currently have a Moderate Buy rating on the stock with an average price target of $73.51.

Dimensional Fund Advisors LP grew its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,291,311 shares of the company's stock after acquiring an additional 246,723 shares during the quarter. Dimensional Fund Advisors LP owned about 0.76% of Carrier Global worth $354,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Carrier Global by 6.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company's stock worth $59,586,000 after acquiring an additional 72,906 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in Carrier Global during the 4th quarter valued at about $1,556,000. Cardinal Capital Management Inc. boosted its stake in Carrier Global by 11.3% during the 4th quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company's stock valued at $21,675,000 after purchasing an additional 41,647 shares during the last quarter. Canoe Financial LP increased its holdings in Carrier Global by 607.5% during the 4th quarter. Canoe Financial LP now owns 1,195,050 shares of the company's stock worth $63,146,000 after purchasing an additional 1,026,147 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Carrier Global by 16.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,168 shares of the company's stock worth $8,093,000 after purchasing an additional 21,350 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Down 0.4%

Shares of NYSE CARR opened at $66.68 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The stock has a market capitalization of $55.38 billion, a PE ratio of 43.87, a P/E/G ratio of 2.68 and a beta of 1.31. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The business's fifty day moving average price is $68.32 and its 200-day moving average price is $62.90.

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.06. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities research analysts anticipate that Carrier Global Corporation will post 2.79 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global's payout ratio is presently 63.16%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Morgan Stanley raised their target price on Carrier Global from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Thursday, May 28th. Citigroup upped their price target on Carrier Global from $79.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, July 13th. Mizuho increased their price target on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on Carrier Global from $63.00 to $67.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada lifted their price objective on shares of Carrier Global from $71.00 to $81.00 and gave the stock an "outperform" rating in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $73.51.

Carrier Global Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.