Capital International Ltd. CA Reduces Position in Carrier Global Corporation $CARR

Capital International Ltd. CA cut its stake in shares of Carrier Global Corporation (NYSE:CARR) by 47.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,091 shares of the company’s stock after selling 214,802 shares during the quarter. Capital International Ltd. CA’s holdings in Carrier Global were worth $12,475,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Carrier Global during the third quarter valued at $25,000. Torren Management LLC purchased a new stake in Carrier Global in the fourth quarter valued at $25,000. YANKCOM Partnership boosted its holdings in Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares during the last quarter. True Wealth Design LLC boosted its holdings in Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after purchasing an additional 427 shares during the last quarter. Finally, Global Wealth Strategies & Associates boosted its holdings in Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after purchasing an additional 300 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Trading Down 2.0%

CARR stock opened at $67.18 on Friday. The company’s 50-day simple moving average is $62.30 and its 200-day simple moving average is $59.02. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The firm has a market cap of $55.79 billion, a P/E ratio of 44.19, a PEG ratio of 2.69 and a beta of 1.34.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the company posted $0.65 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts forecast that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio is presently 63.16%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Royal Bank Of Canada upped their price target on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Evercore upped their price target on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Morgan Stanley upped their price target on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Finally, Rothschild & Co Redburn upped their price target on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and an average price target of $74.04.

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.