Carrier Global Corporation $CARR Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its position in Carrier Global Corporation (NYSE:CARR) by 62.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,883 shares of the company’s stock after purchasing an additional 72,101 shares during the period. CIBC Asset Management Inc’s holdings in Carrier Global were worth $9,928,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CARR. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Carrier Global in the 3rd quarter worth approximately $25,000. YANKCOM Partnership grew its holdings in shares of Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after acquiring an additional 208 shares during the period. Torren Management LLC acquired a new stake in shares of Carrier Global in the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates grew its holdings in Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after purchasing an additional 300 shares during the last quarter. Finally, True Wealth Design LLC increased its position in shares of Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after buying an additional 427 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR opened at $67.18 on Friday. 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 firm has a market capitalization of $55.79 billion, a price-to-earnings ratio of 44.19, a PEG ratio of 2.75 and a beta of 1.34. The firm’s fifty day simple moving average is $62.30 and its 200 day simple moving average is $59.02. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. 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 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. Carrier Global’s payout ratio is presently 63.16%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CARR. Wolfe Research raised their price target on Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. The Goldman Sachs Group raised their price target on Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Morgan Stanley raised their price target on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, Evercore raised their price objective on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and an average target price of $74.04.

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.