Stephens Inc. AR Grows Stock Position in Carrier Global Corporation $CARR

Stephens Inc. AR grew its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 13.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,403 shares of the company’s stock after purchasing an additional 9,439 shares during the quarter. Stephens Inc. AR’s holdings in Carrier Global were worth $4,143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Advisor OS LLC increased its position in shares of Carrier Global by 0.8% during the 4th quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after purchasing an additional 178 shares during the last quarter. Ironwood Investment Counsel LLC increased its position in shares of Carrier Global by 4.6% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock valued at $244,000 after purchasing an additional 181 shares during the last quarter. Code Waechter LLC increased its position in shares of Carrier Global by 5.0% during the 4th quarter. Code Waechter LLC now owns 3,983 shares of the company’s stock valued at $210,000 after purchasing an additional 189 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in shares of Carrier Global by 13.7% during the 4th quarter. JFS Wealth Advisors LLC now owns 1,586 shares of the company’s stock valued at $84,000 after acquiring an additional 191 shares during the period. Finally, Procyon Advisors LLC grew its stake in shares of Carrier Global by 3.9% during the 4th quarter. Procyon Advisors LLC now owns 5,267 shares of the company’s stock valued at $278,000 after acquiring an additional 199 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.0%

Shares of NYSE:CARR opened at $64.68 on Monday. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The company has a market cap of $53.72 billion, a PE ratio of 42.55, a price-to-earnings-growth ratio of 2.57 and a beta of 1.38. The stock has a 50 day moving average of $60.31 and a 200 day moving average of $58.27.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the prior year, the company posted $0.65 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts expect that Carrier Global Corporation will post 2.8 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, May 4th. Carrier Global’s dividend payout ratio is presently 63.16%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CARR. CICC Research cut their price objective on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. The Goldman Sachs Group boosted their price objective on Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Robert W. Baird boosted their price objective on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Weiss Ratings upgraded Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. boosted 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. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.78.

About Carrier Global

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.