Carrier Global Corporation $CARR Position Lowered by Capital International Sarl

Capital International Sarl decreased its stake in shares of Carrier Global Corporation (NYSE:CARR) by 43.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 472,328 shares of the company’s stock after selling 370,293 shares during the period. Capital International Sarl’s holdings in Carrier Global were worth $24,958,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CARR. KERR FINANCIAL PLANNING Corp bought a new position in shares of Carrier Global during the third quarter worth about $25,000. YANKCOM Partnership lifted its holdings in Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after acquiring an additional 208 shares during the last quarter. Torren Management LLC bought a new position in Carrier Global in the fourth quarter worth about $25,000. Global Wealth Strategies & Associates lifted its holdings in Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after acquiring an additional 300 shares during the last quarter. Finally, True Wealth Design LLC lifted its holdings in Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after acquiring an additional 427 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of recent research reports. Morgan Stanley raised their target price on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Wells Fargo & Company raised their target price on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Robert W. Baird raised their target price on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Argus raised their target price 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. Finally, BNP Paribas Exane initiated coverage on shares of Carrier Global in a report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 target price on the stock. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $74.04.

Carrier Global Stock Performance

CARR opened at $67.18 on Friday. The business’s 50 day moving average is $62.30 and its 200-day moving average is $59.02. The stock has a market cap of $55.79 billion, a PE ratio of 44.19, a price-to-earnings-growth ratio of 2.69 and a beta of 1.34. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09.

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

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st 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 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s payout ratio is 63.16%.

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.