Wesbanco Bank Inc. Buys 7,301 Shares of Carrier Global Corporation $CARR

Wesbanco Bank Inc. raised its holdings in Carrier Global Corporation (NYSE:CARR) by 3.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 208,860 shares of the company’s stock after purchasing an additional 7,301 shares during the period. Wesbanco Bank Inc.’s holdings in Carrier Global were worth $11,761,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CARR. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Morgan Stanley lifted their target price on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Wells Fargo & Company boosted their price target on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Royal Bank Of Canada increased their price target on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Finally, The Goldman Sachs Group lifted their price objective on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $74.09.

Carrier Global Price Performance

CARR opened at $73.56 on Friday. The firm has a 50-day moving average price of $66.28 and a 200-day moving average price of $60.90. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $61.09 billion, a price-to-earnings ratio of 48.39, a PEG ratio of 3.05 and a beta of 1.34.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the prior year, the company posted $0.65 EPS. Carrier Global’s revenue was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts expect that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be given a $0.24 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.3%. Carrier Global’s payout ratio is 63.16%.

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.