Carrier Global Corporation $CARR Stock Holdings Lifted by Impax Asset Management Group plc

Impax Asset Management Group plc increased its holdings in Carrier Global Corporation (NYSE:CARR) by 54.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,147,476 shares of the company’s stock after buying an additional 1,457,765 shares during the period. Carrier Global comprises approximately 1.4% of Impax Asset Management Group plc’s holdings, making the stock its 19th biggest position. Impax Asset Management Group plc owned 0.49% of Carrier Global worth $246,713,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Carrier Global by 23.8% in the second quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock worth $2,820,485,000 after acquiring an additional 7,409,432 shares during the last quarter. Norges Bank acquired a new stake in shares of Carrier Global during the 2nd quarter worth approximately $524,939,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Carrier Global by 1,742.8% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,623,000 shares of the company’s stock worth $265,167,000 after purchasing an additional 3,426,395 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of Carrier Global by 63.6% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,952,738 shares of the company’s stock worth $362,491,000 after purchasing an additional 1,924,804 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Carrier Global by 29.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,740,099 shares of the company’s stock valued at $402,384,000 after purchasing an additional 1,525,266 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

CARR stock opened at $65.85 on Wednesday. The company has a market capitalization of $55.04 billion, a P/E ratio of 38.51, a PEG ratio of 2.69 and a beta of 1.33. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. The company has a 50-day simple moving average of $55.90 and a 200 day simple moving average of $58.97. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The company’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Sell-side analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Tuesday, January 20th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, January 20th. Carrier Global’s payout ratio is currently 56.14%.

Carrier Global announced that its board has approved a share buyback program on Tuesday, October 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 10.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley set a $55.00 target price on Carrier Global in a research report on Thursday, January 8th. Oppenheimer restated a “market perform” rating on shares of Carrier Global in a research report on Wednesday, October 29th. UBS Group cut their price objective on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Robert W. Baird boosted their target price on shares of Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.65.

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.