Robeco Institutional Asset Management B.V. Acquires 86,665 Shares of Carrier Global Corporation $CARR

Robeco Institutional Asset Management B.V. boosted its stake in Carrier Global Corporation (NYSE:CARR) by 269.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 118,806 shares of the company’s stock after buying an additional 86,665 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Carrier Global were worth $6,646,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CARR. Bank of New York Mellon Corp purchased a new position in shares of Carrier Global during the 2nd quarter worth $590,759,000. Bank of America Corp DE purchased a new position in Carrier Global in the second quarter valued at approximately $572,908,000. Legal & General Group Plc purchased a new position in Carrier Global in the second quarter valued at about $322,366,000. Primecap Management Co. CA acquired a new stake in Carrier Global in the second quarter valued at approximately $283,585,000. Finally, Deutsche Bank AG acquired a new position in Carrier Global in the 2nd quarter worth $166,165,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CARR. Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a research note on Friday, October 16th. Zacks Research cut shares of Carrier Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Royal Bank Of Canada cut their target price on Carrier Global from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 14th. Mizuho reduced their target price on Carrier Global from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Finally, The Goldman Sachs Group lowered shares of Carrier Global from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $74.00 to $61.00 in a research note on Wednesday, October 14th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.43.

Carrier Global Trading Down 0.4%

NYSE:CARR opened at $56.26 on Friday. The firm has a market cap of $46.38 billion, a price-to-earnings ratio of 39.07, a P/E/G ratio of 1.92 and a beta of 1.29. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The company’s 50 day moving average is $56.88 and its 200-day moving average is $62.80.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts anticipate that Carrier Global Corporation will post 2.87 EPS for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, October 29th. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

Carrier Global News Roundup

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Carrier plans to invest more than $600 million over the next three years in a new, more than 1-million-square-foot advanced manufacturing and engineering center in Fort Worth, Texas. The facility is expected to create approximately 1,500 jobs and expand production of commercial chillers. Carrier Texas investment announcement
• Positive Sentiment: The investment is intended to address record backlog and strong demand from data centers, healthcare, education, industrial customers and other commercial markets. Rising data-center demand for cooling infrastructure could provide Carrier with a long-term growth opportunity. Carrier plans Texas expansion
• Neutral Sentiment: The project strengthens Carrier’s U.S. manufacturing and supply-chain footprint, but the spending will occur over several years. The announcement does not provide a specific near-term revenue or earnings contribution, while construction and ramp-up costs could precede the benefits.
• Neutral Sentiment: Carrier is scheduled to report earnings next week. Analysts expect fiscal 2026 earnings of roughly $2.87 per share, compared with company guidance of $2.90, making the report and management’s outlook important near-term catalysts. Carrier upcoming earnings expectations
• Negative Sentiment: Zacks cautions that Carrier does not currently have the strongest combination of earnings and revenue-estimate trends for a likely earnings beat. With the shares trading at a relatively high price-to-earnings ratio near 39, disappointing results or conservative guidance could weigh on the stock.

Carrier Global Profile

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.