Capital International Inc. CA Trims Stock Position in Carrier Global Corporation $CARR

Capital International Inc. CA cut its stake in shares of Carrier Global Corporation (NYSE:CARR) by 79.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 262,079 shares of the company’s stock after selling 985,501 shares during the quarter. Capital International Inc. CA’s holdings in Carrier Global were worth $13,848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CARR. KERR FINANCIAL PLANNING Corp bought a new position in shares of Carrier Global during the third quarter valued at approximately $25,000. YANKCOM Partnership boosted its stake in shares of Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares in the last quarter. Torren Management LLC bought a new position in shares of Carrier Global during the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates boosted its stake in shares of Carrier Global by 150.0% during 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 in the last quarter. Finally, True Wealth Design LLC boosted its stake in shares of Carrier Global by 723.7% during 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 in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Up 0.0%

Carrier Global stock opened at $67.18 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The stock has a market capitalization of $55.79 billion, a price-to-earnings ratio of 44.19, a PEG ratio of 2.69 and a beta of 1.34. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09. The business has a fifty day moving average price of $62.30 and a 200-day moving average price of $59.07.

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

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. 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 presently 63.16%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Rothschild & Co Redburn increased their price objective on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Morgan Stanley increased their price objective on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Finally, Mizuho increased their price objective on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.