BI Asset Management Fondsmaeglerselskab A S Sells 10,427 Shares of Carrier Global Corporation $CARR

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of Carrier Global Corporation (NYSE:CARR) by 27.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,998 shares of the company’s stock after selling 10,427 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Carrier Global were worth $1,577,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Carrier Global in the fourth quarter valued at approximately $380,299,000. Capital International Investors grew its position in shares of Carrier Global by 6.7% during 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 in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Carrier Global by 506.1% in the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock worth $249,977,000 after purchasing an additional 3,496,372 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Carrier Global by 461.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after purchasing an additional 2,022,136 shares during the period. Finally, Ontario Teachers Pension Plan Board purchased a new position in Carrier Global during the fourth quarter worth about $99,839,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Up 4.5%

Shares of NYSE CARR opened at $73.96 on Thursday. The firm’s fifty day moving average is $65.75 and its 200 day moving average is $60.66. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. The company has a market cap of $61.43 billion, a price-to-earnings ratio of 48.66, a PEG ratio of 2.84 and a beta of 1.34.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities research analysts expect that Carrier Global Corporation will post 2.78 earnings per share for the current 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

Analysts Set New Price Targets

Several research firms recently weighed in on CARR. Rothschild & Co Redburn upped their price objective on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Evercore boosted their price target on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Robert W. Baird lifted their price objective on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. The Goldman Sachs Group upped their target price on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Finally, Citigroup increased their target price on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $74.09.

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.