Yousif Capital Management LLC Buys 27,863 Shares of Carrier Global Corporation $CARR

Key Points

• Yousif Capital Management increased its Carrier Global stake by 34.2% in the third quarter, buying 27,863 shares for a total holding of 109,410 shares valued at approximately $6 million. Institutional investors and hedge funds own about 91% of CARR.
• Carrier reported quarterly EPS of $0.86, beating estimates of $0.82, while revenue reached $6.35 billion versus the $6.02 billion consensus. The company declared a quarterly dividend of $0.24, equivalent to a 1.7% annual yield.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $70.43 versus the stock’s $56.26 price. Carrier also plans to invest more than $600 million in a Texas manufacturing and engineering center expected to create about 1,500 jobs.

Yousif Capital Management LLC raised its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 34.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,410 shares of the company's stock after buying an additional 27,863 shares during the period. Yousif Capital Management LLC's holdings in Carrier Global were worth $6,002,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Johnson Financial Group Inc. acquired a new position in shares of Carrier Global during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new stake in Carrier Global in the second quarter worth approximately $26,000. Financial Management Professionals Inc. boosted 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 in the last quarter. Burnham & Co LLC bought a new position in Carrier Global during the 2nd quarter valued at $37,000. Finally, Downshift Financial LLC increased its position in shares of Carrier Global by 69.5% during the 3rd quarter. Downshift Financial LLC now owns 517 shares of the company's stock valued at $28,000 after purchasing an additional 212 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Trading Up 0.0%

Shares of NYSE CARR opened at $56.26 on Monday. 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 12 month low of $50.24 and a 12 month high of $76.76. The company has a market cap of $46.38 billion, a price-to-earnings ratio of 39.07, a P/E/G ratio of 1.92 and a beta of 1.29. The business has a fifty day simple moving average of $56.88 and a 200-day simple moving average of $62.85.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts predict that Carrier Global Corporation will post 2.87 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 29th. Carrier Global's dividend payout ratio is currently 66.67%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CARR. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carrier Global in a research note on Friday, October 16th. Wells Fargo & Company assumed coverage on shares of Carrier Global in a report on Thursday, September 24th. They issued an "overweight" rating and a $67.00 price target for the company. Royal Bank Of Canada cut their price target 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. Citigroup raised their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, July 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Carrier Global in a report on Friday, October 9th. They issued a "neutral" rating and a $61.00 target price on the stock. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Carrier Global presently has an average rating of "Moderate Buy" and a consensus price target of $70.43.

Carrier Global News Roundup

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Carrier plans to invest more than $600 million over the next three years in a new, more than 1-million-square-foot advanced manufacturing and engineering center in Fort Worth, Texas. The facility is expected to create approximately 1,500 jobs and expand production of commercial chillers. Carrier Texas investment announcement
• Positive Sentiment: The investment is intended to address record backlog and strong demand from data centers, healthcare, education, industrial customers and other commercial markets. Rising data-center demand for cooling infrastructure could provide Carrier with a long-term growth opportunity. Carrier plans Texas expansion
• Neutral Sentiment: The project strengthens Carrier’s U.S. manufacturing and supply-chain footprint, but the spending will occur over several years. The announcement does not provide a specific near-term revenue or earnings contribution, while construction and ramp-up costs could precede the benefits.
• Neutral Sentiment: Carrier is scheduled to report earnings next week. Analysts expect fiscal 2026 earnings of roughly $2.87 per share, compared with company guidance of $2.90, making the report and management’s outlook important near-term catalysts. Carrier upcoming earnings expectations
• Negative Sentiment: Zacks cautions that Carrier does not currently have the strongest combination of earnings and revenue-estimate trends for a likely earnings beat. With the shares trading at a relatively high price-to-earnings ratio near 39, disappointing results or conservative guidance could weigh on the stock.

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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