Carrier Global Corporation $CARR Shares Purchased by Gabelli Funds LLC

Gabelli Funds LLC increased its position in shares of Carrier Global Corporation (NYSE:CARR) by 16.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 63,900 shares of the company’s stock after acquiring an additional 9,072 shares during the quarter. Gabelli Funds LLC’s holdings in Carrier Global were worth $3,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CARR. Capital International Investors grew its stake in shares of Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after purchasing an additional 3,630,524 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Carrier Global by 506.1% in the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock valued at $249,977,000 after acquiring an additional 3,496,372 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Carrier Global by 461.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock valued at $130,003,000 after acquiring an additional 2,022,136 shares during the last quarter. PineStone Asset Management Inc. lifted its position in Carrier Global by 34.6% in the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock valued at $377,987,000 after acquiring an additional 1,837,985 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Carrier Global by 29.2% in the third quarter. Bank of New York Mellon Corp now owns 6,740,099 shares of the company’s stock valued at $402,384,000 after acquiring an additional 1,525,266 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $62.23 on Friday. The company has a 50-day simple moving average of $60.64 and a 200-day simple moving average of $58.37. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The stock has a market capitalization of $51.68 billion, a price-to-earnings ratio of 40.94, a PEG ratio of 2.53 and a beta of 1.38.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The business’s revenue 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. On average, analysts predict that Carrier Global Corporation will post 2.8 EPS for the current year.

Carrier Global Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on CARR. BNP Paribas Exane began coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price target for the company. Royal Bank Of Canada boosted their price target on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Citigroup boosted their price target on shares of Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Argus boosted their price target on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Mizuho boosted their price target on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $73.78.

Carrier Global Company 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.