CHICAGO TRUST Co NA Purchases 11,955 Shares of Carrier Global Corporation $CARR

CHICAGO TRUST Co NA increased its position in shares of Carrier Global Corporation (NYSE:CARR) by 294.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,018 shares of the company’s stock after acquiring an additional 11,955 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Carrier Global were worth $902,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after buying an additional 1,850 shares during the last quarter. AQR Capital Management LLC raised its stake in Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after buying an additional 23,200 shares during the last quarter. United Bank raised its stake in Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after buying an additional 4,956 shares during the last quarter. Schnieders Capital Management LLC. raised its stake in Carrier Global by 33.7% in the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after buying an additional 4,277 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in Carrier Global by 6.0% in the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock worth $725,000 after acquiring an additional 561 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CARR. Rothschild & Co Redburn boosted their price target on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Morgan Stanley lifted their target price on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Mizuho boosted their target price on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Royal Bank Of Canada upped their price target on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company raised their price target on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $73.25.

Carrier Global Stock Down 1.6%

Shares of CARR opened at $72.21 on Thursday. The company has a market capitalization of $59.98 billion, a price-to-earnings ratio of 47.51, a PEG ratio of 2.94 and a beta of 1.31. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The stock’s 50-day moving average price is $67.01 and its 200-day moving average price is $61.37. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter last year, the company earned $0.65 EPS. The business’s revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, sell-side analysts predict that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.3%. Carrier Global’s dividend payout ratio (DPR) is 63.16%.

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.