Carrier Global Corporation $CARR Stock Bought by MBL Wealth LLC

MBL Wealth LLC boosted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 245.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,486 shares of the company’s stock after buying an additional 9,585 shares during the quarter. MBL Wealth LLC’s holdings in Carrier Global were worth $740,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CARR. Compass Wealth Management LLC lifted its stake in Carrier Global by 11.7% during the third quarter. Compass Wealth Management LLC now owns 13,425 shares of the company’s stock worth $736,000 after purchasing an additional 1,408 shares in the last quarter. Indiana Trust & Investment Management Co grew its stake in shares of Carrier Global by 134.4% in the third quarter. Indiana Trust & Investment Management Co now owns 1,985 shares of the company’s stock valued at $109,000 after buying an additional 1,138 shares in the last quarter. Howland Capital Management LLC grew its stake in shares of Carrier Global by 59.9% in the third quarter. Howland Capital Management LLC now owns 8,394 shares of the company’s stock valued at $460,000 after buying an additional 3,144 shares in the last quarter. Brookstone Capital Management grew its stake in shares of Carrier Global by 3.2% in the third quarter. Brookstone Capital Management now owns 6,192 shares of the company’s stock valued at $340,000 after buying an additional 194 shares in the last quarter. Finally, Ledyard National Bank raised its holdings in shares of Carrier Global by 16.4% in the 3rd quarter. Ledyard National Bank now owns 11,167 shares of the company’s stock valued at $613,000 after buying an additional 1,573 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank Of Canada lowered their target price on Carrier Global from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Wednesday, October 14th. The Goldman Sachs Group lowered shares of Carrier Global from a “buy” rating to a “neutral” rating and cut their price target for the stock from $74.00 to $61.00 in a research note on Wednesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carrier Global in a research note on Friday, October 16th. Wells Fargo & Company initiated coverage on shares of Carrier Global in a research report on Thursday, September 24th. They set an “overweight” rating and a $67.00 price target on the stock. Finally, Citigroup raised their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.43.

Carrier Global Stock Down 0.4%

Shares of Carrier Global stock traded down $0.22 during trading hours on Friday, reaching $56.26. 3,883,413 shares of the company were exchanged, compared to its average volume of 5,270,828. The firm has a market cap of $46.38 billion, a PE ratio of 39.07, a PEG ratio of 1.93 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The stock’s fifty day moving average is $56.88 and its 200 day moving average is $62.80.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the business posted $0.92 earnings per share. Carrier Global’s revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, equities research analysts forecast that Carrier Global Corporation will post 2.87 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.7%. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

Carrier Global News Roundup

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Carrier plans to invest more than $600 million over the next three years in a new, more than 1-million-square-foot advanced manufacturing and engineering center in Fort Worth, Texas. The facility is expected to create approximately 1,500 jobs and expand production of commercial chillers. Carrier Texas investment announcement
• Positive Sentiment: The investment is intended to address record backlog and strong demand from data centers, healthcare, education, industrial customers and other commercial markets. Rising data-center demand for cooling infrastructure could provide Carrier with a long-term growth opportunity. Carrier plans Texas expansion
• Neutral Sentiment: The project strengthens Carrier’s U.S. manufacturing and supply-chain footprint, but the spending will occur over several years. The announcement does not provide a specific near-term revenue or earnings contribution, while construction and ramp-up costs could precede the benefits.
• Neutral Sentiment: Carrier is scheduled to report earnings next week. Analysts expect fiscal 2026 earnings of roughly $2.87 per share, compared with company guidance of $2.90, making the report and management’s outlook important near-term catalysts. Carrier upcoming earnings expectations
• Negative Sentiment: Zacks cautions that Carrier does not currently have the strongest combination of earnings and revenue-estimate trends for a likely earnings beat. With the shares trading at a relatively high price-to-earnings ratio near 39, disappointing results or conservative guidance could weigh on the stock.

Carrier Global Profile

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.