North Dakota State Investment Board Invests $1.44 Million in Carrier Global Corporation $CARR

North Dakota State Investment Board acquired a new position in Carrier Global Corporation (NYSE:CARR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,202 shares of the company’s stock, valued at approximately $1,437,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Elyxium Wealth LLC acquired a new stake in shares of Carrier Global in the fourth quarter worth $139,000. Rossmore Private Capital lifted its stake in shares of Carrier Global by 1.5% in the fourth quarter. Rossmore Private Capital now owns 12,944 shares of the company’s stock worth $684,000 after buying an additional 187 shares during the last quarter. Abacus Wealth Partners LLC lifted its stake in shares of Carrier Global by 196.5% in the fourth quarter. Abacus Wealth Partners LLC now owns 10,481 shares of the company’s stock worth $554,000 after buying an additional 6,946 shares during the last quarter. iA Global Asset Management Inc. raised its stake in Carrier Global by 19.8% during the 4th quarter. iA Global Asset Management Inc. now owns 635,998 shares of the company’s stock valued at $33,606,000 after purchasing an additional 105,000 shares during the last quarter. Finally, May Hill Capital LLC acquired a new position in Carrier Global during the 4th quarter valued at $223,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CARR has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. CICC Research cut their target price on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. 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 upped their target price on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Finally, Wolfe Research upped their target price on shares of Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average price target of $73.78.

Carrier Global Price Performance

NYSE:CARR opened at $61.40 on Wednesday. The company has a 50-day moving average of $60.46 and a 200-day moving average of $58.31. The company has a market capitalization of $50.99 billion, a price-to-earnings ratio of 40.39, a PEG ratio of 2.57 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 released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts anticipate that Carrier Global Corporation will post 2.8 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, May 4th. Carrier Global’s dividend payout ratio (DPR) is presently 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.