Mitsubishi UFJ Asset Management Co. Ltd. Acquires 78,153 Shares of Carrier Global Corporation $CARR

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Carrier Global Corporation (NYSE:CARR) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,629,252 shares of the company’s stock after acquiring an additional 78,153 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Carrier Global were worth $97,253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spirepoint Private Client LLC grew its position in shares of Carrier Global by 547.7% during the 3rd quarter. Spirepoint Private Client LLC now owns 60,694 shares of the company’s stock worth $3,623,000 after purchasing an additional 51,324 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its stake in shares of Carrier Global by 24.1% in the third quarter. Foster Victor Wealth Advisors LLC now owns 216,777 shares of the company’s stock valued at $12,931,000 after buying an additional 42,161 shares during the period. Oak Thistle LLC acquired a new stake in Carrier Global during the third quarter worth approximately $1,986,000. Brookstone Capital Management grew its position in Carrier Global by 220.8% during the third quarter. Brookstone Capital Management now owns 51,852 shares of the company’s stock worth $3,096,000 after buying an additional 35,691 shares in the last quarter. Finally, Deprince Race & Zollo Inc. bought a new position in Carrier Global during the 3rd quarter worth $20,678,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CARR. Royal Bank Of Canada upped their target price on Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Argus upped their price objective on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. The Goldman Sachs Group raised their target price on shares of Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a report on Friday, February 6th. Robert W. Baird upped their price target on shares of Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, Rothschild & Co Redburn reduced their price target on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 21st. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.82.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $64.43 on Friday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The company has a market cap of $53.85 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 2.52 and a beta of 1.33. The firm has a 50 day simple moving average of $58.74 and a 200 day simple moving average of $58.74.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter last year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Research 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 is a boost from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, January 20th. Carrier Global’s dividend payout ratio is 56.14%.

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.