PNC Financial Services Group Inc. Has $46.92 Million Stock Position in Carrier Global Corporation $CARR

PNC Financial Services Group Inc. reduced its holdings in Carrier Global Corporation (NYSE:CARR) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 887,987 shares of the company’s stock after selling 58,414 shares during the period. PNC Financial Services Group Inc. owned approximately 0.11% of Carrier Global worth $46,921,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CARR. GSA Capital Partners LLP bought a new stake in shares of Carrier Global in the fourth quarter valued at approximately $2,840,000. Tredje AP fonden increased its position in Carrier Global by 20.9% during the fourth quarter. Tredje AP fonden now owns 543,937 shares of the company’s stock worth $28,742,000 after acquiring an additional 93,937 shares during the period. Handelsbanken Fonder AB raised its stake in Carrier Global by 122.9% during the 4th quarter. Handelsbanken Fonder AB now owns 245,981 shares of the company’s stock valued at $12,998,000 after purchasing an additional 135,619 shares during the last quarter. ProShare Advisors LLC raised its stake in Carrier Global by 7.8% during the 4th quarter. ProShare Advisors LLC now owns 146,030 shares of the company’s stock valued at $7,716,000 after purchasing an additional 10,609 shares during the last quarter. Finally, Warner Group LLC bought a new stake in Carrier Global in the 4th quarter valued at $238,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Trading Down 2.1%

Shares of CARR stock opened at $62.23 on Friday. The firm has a fifty day moving average of $60.64 and a 200-day moving average of $58.37. The stock has a market cap of $51.68 billion, a price-to-earnings ratio of 40.94, a P/E/G ratio of 2.53 and a beta of 1.38. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week 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.

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. 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 for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the previous year, the business earned $0.65 EPS. The firm’s revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities research analysts forecast that Carrier Global Corporation will post 2.8 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. The Goldman Sachs Group lifted their target price on Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Barclays boosted their price target on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Mizuho raised their price objective on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $73.78.

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.