Gabelli Funds LLC Boosts Stake in Carrier Global Corporation $CARR
Gabelli Funds LLC raised its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 34. 8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,135 shares of the company's stock after buying an additional 22,235 shares d
Gabelli Funds LLC raised its stake in shares of Carrier Global Corporation (NYSE:CARR-Free Report) by 34. 8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,135 shares of the company's stock after buying an additional 22,235 shares during the quarter. Gabelli Funds LLC's holdings in Carrier Global were worth $4,850,000 at the end of the most recent reporting period. GetCarrier Globalalerts:Carrier Earnings Could Send the Stock to a New All-Time HighOther hedge funds also recently bought and sold shares of the company. Compound Planning Inc. increased its position in Carrier Global by 35. 4% during the 1st quarter. Compound Planning Inc. now owns 7,383 shares of the company's stock worth $416,000 after purchasing an additional 1,929 shares in the last quarter. Keebeck Wealth Management purchased a new position in Carrier Global in the 1st quarter valued at about $203,000. Arrowstreet Capital Limited Partnership lifted its holdings in Carrier Global by 22. 5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,259,424 shares of the company's stock valued at $70,918,000 after purchasing an additional 231,690 shares in the last quarter. Sei Investments Co. lifted its holdings in Carrier Global by 6. 8% in the 1st quarter. Sei Investments Co. now owns 2,101,860 shares of the company's stock valued at $118,356,000 after purchasing an additional 134,085 shares in the last quarter. Finally, MWA Asset Management acquired a new stake in shares of Carrier Global during the 1st quarter worth about $143,000. Hedge funds and other institutional investors own 91. 00% of the company's stock. Wall Street Analysts Forecast GrowthCARR has been the subject of a number of recent research reports. Argus lifted their price target on shares of Carrier Global from $72. 00 to $75. 00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Robert W. Baird upped their price objective on shares of Carrier Global from $70. 00 to $75. 00 in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their target price on shares of Carrier Global from $63. 00 to $67. 00 and gave the stock a "neutral" rating in a research report on Thursday, May 14th. Zacks Research raised shares of Carrier Global from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 7th. Finally, The Goldman Sachs Group boosted their price target on Carrier Global from $74. 00 to $80. 00 in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat. com, the stock has an average rating of "Moderate Buy" and a consensus price target of $73. 51. 3 Stocks at 52-Week Lows With Way More Upside Than DownsideCheck Out Our Latest Analysis on Carrier GlobalCarrier Global Stock PerformanceNYSE:CARRopened at $63. 08 on Wednesday. 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 cap of $52. 39 billion, a P/E ratio of 41. 50, a P/E/G ratio of 2. 78 and a beta of 1. 31. Carrier Global Corporation has a fifty-two week low of $50. 24 and a fifty-two week high of $76. 76. The firm's 50 day moving average is $68. 63 and its two-hundred day moving average is $63. 41. 3 Stocks Flashing Buy Signals With $8. 5 Billion in BuybacksCarrier Global (NYSE:CARR-Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0. 86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0. 82 by $0. 04. The company had revenue of $6. 35 billion during the quarter, compared to analysts' expectations of $6. 02 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 3. 9% compared to the same quarter last year. During the same period in the previous year, the company earned $0. 92 EPS. Carrier Global has set its FY 2026 guidance at 2. 900-2. 900 EPS. Analysts expect that Carrier Global Corporation will post 2. 79 EPS for the current year. Carrier Global Announces DividendThe company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a dividend of $0. 24 per share. This represents a $0. 96 dividend on an annualized basis and a yield of 1. 5%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global's payout ratio is 63. 16%. More Carrier Global NewsHere are the key news stories impacting Carrier Global this week:Positive Sentiment:Quarterly results exceeded expectations:Carrier reported adjusted EPS of $0. 86 versus the $0. 82-$0. 83 analyst consensus, while revenue of $6. 35 billion surpassed estimates of roughly $6. 02 billion. Revenue increased 3. 9% year over year, and HVAC orders rose, supporting investor confidence in demand. Carrier Q2 Earnings & Sales Top Estimates, HVAC Orders Up Y/YPositive Sentiment:Full-year outlook was raised:Carrier now expects approximately $23 billion in 2026 sales and adjusted EPS of about $2. 90, above consensus expectations of approximately $22. 2 billion and $2. 80, respectively. The company also increased its outlook for adjusted operating profit. Carrier Reports Second Quarter 2026 ResultsPositive Sentiment:Data-center demand is becoming a larger growth driver:Carrier lifted its 2026 data-center revenue outlook to approximately $2 billion, indicating strong commercial HVAC demand tied to data-center construction and expansion. Carrier forecasts 2026 sales and EPSNeutral Sentiment:NORESCO sale streamlines the portfolio:Carrier agreed to sell its NORESCO energy-services business to OPTERRA Energy Services, an LS Power subsidiary. The transaction may sharpen Carrier’s focus on climate and HVAC solutions, although financial terms and the effect on earnings were not highlighted. Carrier Announces Agreement to Sell NORESCONegative Sentiment:Profitability remains a concern:Quarterly EPS declined from $0. 92 a year earlier to $0. 86, and reports noted margin pressure. With Carrier trading at a relatively demanding earnings multiple, investors appear to have treated the guidance increase as insufficient to offset concerns about near-term margins and earnings quality. Carrier Global Company Profile(Free Report)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. Featured StoriesFive stocks we like better than Carrier GlobalThese 3 Stocks Have Soared in 2026—Can They Keep Climbing?Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy StoryRambus: Another AI Phoenix Ready to Rise From the Ashes of CorrectionChips & Clips: Memory Tariffs Rewire Tech Supply ChainsWant to see what other hedge funds are holding CARR?Visit HoldingsChannel. comto get the latest 13F filings and insider trades for Carrier Global Corporation (NYSE:CARR-Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Should You Invest $1,000 in Carrier Global Right Now?Before you consider Carrier Global, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on. . . and Carrier Global wasn't on the list. While Carrier Global currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks HereLooking to profit from the electric vehicle mega-trend? 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