Allstate Corp Acquires 27,823 Shares of Carrier Global Corporation $CARR

Allstate Corp raised its holdings in Carrier Global Corporation (NYSE:CARR) by 103.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,654 shares of the company’s stock after buying an additional 27,823 shares during the period. Allstate Corp’s holdings in Carrier Global were worth $2,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Capital International Investors lifted its stake in shares of Carrier Global by 6.7% in the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after buying an additional 3,630,524 shares in the last quarter. State Street Corp lifted its position in shares of Carrier Global by 1.4% during the third quarter. State Street Corp now owns 33,377,339 shares of the company’s stock valued at $1,992,627,000 after purchasing an additional 473,692 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Carrier Global by 0.6% during the third quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock valued at $903,807,000 after purchasing an additional 90,585 shares in the last quarter. Dodge & Cox lifted its position in shares of Carrier Global by 5.1% during the third quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock valued at $801,634,000 after purchasing an additional 651,648 shares in the last quarter. Finally, PineStone Asset Management Inc. lifted its position in shares of Carrier Global by 34.6% during the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock valued at $377,987,000 after purchasing an additional 1,837,985 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on CARR shares. The Goldman Sachs Group raised their price target on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Robert W. Baird raised their price target on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Zacks Research raised shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Barclays raised their price target on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, CICC Research decreased their price objective on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Carrier Global has an average rating of “Moderate Buy” and a consensus price target of $73.78.

Carrier Global Stock Performance

NYSE CARR opened at $64.45 on Thursday. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The company has a 50-day simple moving average of $61.22 and a 200 day simple moving average of $58.55. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The company has a market capitalization of $53.53 billion, a PE ratio of 42.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts predict that Carrier Global Corporation will post 2.8 EPS for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.96 annualized dividend and a yield of 1.5%. Carrier Global’s payout ratio is currently 63.16%.

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.