Carrier Global Corporation $CARR Shares Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. boosted its position in shares of Carrier Global Corporation (NYSE:CARR) by 46.5% in the third quarter, Holdings Channel.com reports. The firm owned 43,950 shares of the company’s stock after acquiring an additional 13,954 shares during the period. Wedbush Securities Inc.’s holdings in Carrier Global were worth $2,411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CARR. Bank of New York Mellon Corp bought a new stake in shares of Carrier Global in the second quarter valued at about $590,759,000. Bank of America Corp DE bought a new position in shares of Carrier Global during the second quarter worth about $572,908,000. Dimensional Fund Advisors LP grew its holdings in shares of Carrier Global by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company’s stock worth $354,188,000 after buying an additional 246,723 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Carrier Global during the second quarter worth about $322,366,000. Finally, Primecap Management Co. CA acquired a new stake in Carrier Global in the 2nd quarter valued at approximately $283,585,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE CARR opened at $56.26 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The firm’s fifty day moving average price is $56.88 and its two-hundred day moving average price is $62.80. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The firm has a market capitalization of $46.38 billion, a P/E ratio of 39.07, a price-to-earnings-growth ratio of 1.92 and a beta of 1.29.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter last year, the company posted $0.92 earnings per share. The company’s revenue for the quarter 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, research analysts anticipate that Carrier Global Corporation will post 2.87 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Thursday, October 29th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 29th. Carrier Global’s dividend payout ratio is presently 66.67%.

Analyst Ratings Changes

Several research firms have commented on CARR. Deutsche Bank Aktiengesellschaft cut their target price on Carrier Global from $71.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. Zacks Research downgraded Carrier Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. JPMorgan Chase & Co. assumed coverage on shares of Carrier Global in a research note on Friday, October 9th. They set a “neutral” rating and a $61.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Carrier Global in a report on Friday, October 16th. Finally, Citigroup boosted their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Eleven 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.43.

Key Headlines Impacting Carrier Global

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 Company 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.