Jones Financial Companies Lllp Has $10.74 Million Stock Position in Carrier Global Corporation $CARR

Jones Financial Companies Lllp increased its position in shares of Carrier Global Corporation (NYSE:CARR) by 15.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,376 shares of the company’s stock after acquiring an additional 24,224 shares during the quarter. Jones Financial Companies Lllp’s holdings in Carrier Global were worth $10,736,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. AdvisorShares Investments LLC purchased a new position in shares of Carrier Global during the second quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carrier Global during the 2nd quarter worth about $26,000. Winnow Wealth LLC purchased a new position in Carrier Global during the 2nd quarter valued at about $26,000. Traub Capital Management LLC purchased a new position in Carrier Global during the 2nd quarter valued at about $27,000. Finally, REAP Financial Group LLC purchased a new stake in shares of Carrier Global in the second quarter worth approximately $29,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CARR. Rothschild & Co Redburn decreased their price target on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Royal Bank Of Canada decreased their target price on shares of Carrier Global from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Robert W. Baird lowered their price target on shares of Carrier Global from $72.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, January 26th. Barclays cut their price objective on Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.06.

Carrier Global Trading Up 4.5%

Carrier Global stock opened at $63.98 on Thursday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The company’s fifty day moving average price is $55.08 and its two-hundred day moving average price is $59.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.14 and a quick ratio of 0.75. The company has a market capitalization of $53.88 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 2.46 and a beta of 1.33.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). Carrier Global had a net margin of 18.05% and a return on equity of 16.65%. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, January 20th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, January 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. Carrier Global’s dividend payout ratio (DPR) is 21.48%.

Carrier Global announced that its board has authorized a stock repurchase plan on Tuesday, October 28th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the company to repurchase up to 10.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.