Brown Advisory Inc. Lowers Position in Carrier Global Corporation $CARR

Brown Advisory Inc. reduced its stake in Carrier Global Corporation (NYSE:CARR) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,231,691 shares of the company’s stock after selling 395,378 shares during the quarter. Brown Advisory Inc. owned approximately 1.22% of Carrier Global worth $540,644,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Carrier Global in the 4th quarter valued at $380,299,000. Capital International Investors grew its stake in Carrier Global by 6.7% in the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after purchasing an additional 3,630,524 shares during the period. Ameriprise Financial Inc. grew its stake in Carrier Global by 506.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock valued at $249,977,000 after purchasing an additional 3,496,372 shares during the period. Assenagon Asset Management S.A. grew its stake in Carrier Global by 461.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock valued at $130,003,000 after purchasing an additional 2,022,136 shares during the period. Finally, Ontario Teachers Pension Plan Board bought a new position in Carrier Global in the 4th quarter valued at $99,839,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Up 0.1%

CARR stock opened at $69.84 on Friday. 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 $58.01 billion, a price-to-earnings ratio of 45.95, a PEG ratio of 2.81 and a beta of 1.34. 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 fifty day moving average of $63.70 and a 200-day moving average of $59.63.

Carrier Global (NYSE:CARR) last posted its quarterly 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 company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts predict that Carrier Global Corporation will post 2.78 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be paid a $0.24 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.4%. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CARR shares. BNP Paribas Exane started coverage on Carrier Global in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective for the company. The Goldman Sachs Group upped their price objective on Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. JPMorgan Chase & Co. upped their price objective on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Mizuho upped their price objective on Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Finally, Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Twelve research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $74.09.

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.