Skandinaviska Enskilda Banken AB publ Increases Stake in Carrier Global Corporation $CARR

Skandinaviska Enskilda Banken AB publ boosted its stake in Carrier Global Corporation (NYSE:CARR) by 194.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 481,365 shares of the company’s stock after acquiring an additional 317,991 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Carrier Global were worth $28,737,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after purchasing an additional 1,850 shares during the period. AQR Capital Management LLC raised its position in Carrier Global by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after purchasing an additional 23,200 shares in the last quarter. MGO One Seven LLC purchased a new position in shares of Carrier Global in the 2nd quarter valued at about $200,000. Ritholtz Wealth Management grew its position in shares of Carrier Global by 14.4% during the second quarter. Ritholtz Wealth Management now owns 4,539 shares of the company’s stock worth $332,000 after buying an additional 571 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in Carrier Global by 1.5% during the 2nd quarter. Nordea Investment Management AB now owns 73,150 shares of the company’s stock worth $5,369,000 after acquiring an additional 1,074 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. The Goldman Sachs Group raised their target price on Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Robert W. Baird upped their target price on shares of Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Mizuho decreased their price target on Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. CICC Research reduced their target price on Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Finally, Barclays cut their price objective on shares of Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.60.

Carrier Global Stock Up 1.6%

CARR stock opened at $66.46 on Wednesday. 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 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The stock has a market capitalization of $55.55 billion, a price-to-earnings ratio of 38.87, a price-to-earnings-growth ratio of 2.62 and a beta of 1.33. The company has a 50-day moving average of $57.11 and a two-hundred day moving average of $58.79.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share 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 firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the previous year, the company posted $0.54 EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. 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 2.99 EPS for the current year.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Tuesday, January 20th were paid a $0.24 dividend. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. Carrier Global’s dividend payout ratio (DPR) is currently 56.14%.

Carrier Global announced that its Board of Directors has initiated a stock buyback program on Tuesday, October 28th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to buy up to 10.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

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.