Carrier Global Corporation $CARR Shares Sold by Capital Group Investment Management PTE. LTD.

Capital Group Investment Management PTE. LTD. trimmed its position in shares of Carrier Global Corporation (NYSE:CARR) by 48.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,092 shares of the company’s stock after selling 48,265 shares during the period. Capital Group Investment Management PTE. LTD.’s holdings in Carrier Global were worth $2,700,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. KERR FINANCIAL PLANNING Corp purchased a new stake in Carrier Global during the 3rd quarter worth $25,000. YANKCOM Partnership boosted its position in Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the period. Torren Management LLC purchased a new stake in Carrier Global during the 4th quarter worth $25,000. Global Wealth Strategies & Associates boosted its position in Carrier Global by 150.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 300 shares during the period. Finally, True Wealth Design LLC boosted its position in Carrier Global by 723.7% during the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after purchasing an additional 427 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CARR shares. Wells Fargo & Company upped their price target on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Morgan Stanley upped their price target on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Zacks Research raised shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Evercore upped their price target on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.04.

Carrier Global Stock Performance

NYSE:CARR opened at $67.18 on Friday. 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 firm has a 50-day moving average of $62.30 and a two-hundred day moving average of $59.02. The stock 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 Corporation has a 1-year low of $50.24 and a 1-year high of $81.09.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates 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 for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts expect that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business 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 $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio is 63.16%.

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.