TD Asset Management Inc Lowers Position in Carrier Global Corporation $CARR

TD Asset Management Inc cut its stake in shares of Carrier Global Corporation (NYSE:CARR) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,097 shares of the company’s stock after selling 8,444 shares during the period. TD Asset Management Inc’s holdings in Carrier Global were worth $19,349,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Carrier Global by 0.5% during the second quarter. Vanguard Group Inc. now owns 93,373,143 shares of the company’s stock valued at $6,833,980,000 after purchasing an additional 450,594 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Carrier Global by 23.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock worth $2,820,485,000 after buying an additional 7,409,432 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Carrier Global by 3.1% in the 2nd quarter. Fisher Asset Management LLC now owns 15,048,555 shares of the company’s stock worth $1,101,404,000 after buying an additional 448,055 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Carrier Global by 6.3% during the second quarter. Brown Advisory Inc. now owns 10,281,880 shares of the company’s stock valued at $752,533,000 after acquiring an additional 607,901 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Carrier Global during the second quarter valued at approximately $524,939,000. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

CARR has been the subject of a number of recent analyst reports. Zacks Research downgraded Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. raised their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Robert W. Baird boosted their target price on shares of Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Wells Fargo & Company increased their target price on shares of Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Finally, Mizuho lowered their price target on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.82.

Carrier Global Price Performance

Shares of NYSE CARR opened at $64.43 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The stock has a market cap of $53.85 billion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 2.58 and a beta of 1.33. The stock has a fifty day moving average of $58.74 and a 200-day moving average of $58.69.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, February 5th. The company reported $0.34 EPS 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 company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter in the prior year, the business earned $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. Equities research analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Tuesday, January 20th were issued a dividend of $0.24 per share. 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 yield of 1.5%. Carrier Global’s payout ratio is currently 56.14%.

Carrier Global Company 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.