KBC Group NV Has $16.79 Million Stake in Carrier Global Corporation $CARR

KBC Group NV raised its holdings in Carrier Global Corporation (NYSE:CARR) by 4.1% in the 1st quarter, HoldingsChannel reports. The firm owned 298,224 shares of the company’s stock after purchasing an additional 11,850 shares during the quarter. KBC Group NV’s holdings in Carrier Global were worth $16,793,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CARR. Torren Management LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at $25,000. YANKCOM Partnership lifted its position in Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after buying an additional 208 shares in the last quarter. True Wealth Design LLC grew its holdings in Carrier Global by 723.7% during the 4th 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. Garton & Associates Financial Advisors LLC bought a new stake in Carrier Global during the 4th quarter worth about $33,000. Finally, Princeton Global Asset Management LLC acquired a new stake in Carrier Global in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

Carrier Global stock opened at $66.68 on Wednesday. The company has a market cap of $55.38 billion, a PE ratio of 43.87, a PEG ratio of 2.68 and a beta of 1.31. 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 1 year low of $50.24 and a 1 year high of $81.09. The company’s 50-day moving average is $68.32 and its two-hundred day moving average is $62.90.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. Carrier Global’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts anticipate that Carrier Global Corporation will post 2.79 earnings per share for the current year.

Carrier Global Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a research note on Thursday, July 9th. Robert W. Baird raised their price target on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. The Goldman Sachs Group boosted their price objective on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Royal Bank Of Canada upped their price objective on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their price objective on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.51.

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.