Carrier Global Corporation $CARR Shares Acquired by Burney Co.

Burney Co. lifted its stake in Carrier Global Corporation (NYSE:CARR) by 43.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,609 shares of the company’s stock after buying an additional 9,274 shares during the period. Burney Co.’s holdings in Carrier Global were worth $1,724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in Carrier Global in the fourth quarter valued at $380,299,000. Ameriprise Financial Inc. grew its holdings in shares of Carrier Global by 506.1% during the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock worth $249,977,000 after purchasing an additional 3,496,372 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Carrier Global by 461.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after purchasing an additional 2,022,136 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Carrier Global during the fourth quarter worth about $99,839,000. Finally, PineStone Asset Management Inc. lifted its holdings in shares of Carrier Global by 34.6% in the 4th quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock valued at $377,987,000 after purchasing an additional 1,837,985 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Sanford C. Bernstein started coverage on Carrier Global in a research report on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 target price for the company. Citigroup boosted their price objective on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Weiss Ratings raised Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Mizuho raised their target price on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Finally, Zacks Research raised shares of Carrier Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $73.25.

Carrier Global Stock Performance

NYSE:CARR opened at $66.70 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The firm has a market cap of $55.40 billion, a price-to-earnings ratio of 43.88, a price-to-earnings-growth ratio of 2.75 and a beta of 1.31. The firm’s fifty day moving average price is $67.77 and its 200 day moving average price is $61.94. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09.

Carrier Global (NYSE:CARR) last issued 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, sell-side analysts expect that Carrier Global Corporation will post 2.79 EPS for the current year.

Carrier Global Dividend Announcement

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

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.