Capital International Investors Trims Holdings in Carrier Global Corporation $CARR

Capital International Investors trimmed its position in Carrier Global Corporation (NYSE:CARR) by 57.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,902,054 shares of the company’s stock after selling 33,080,248 shares during the quarter. Capital International Investors owned about 2.98% of Carrier Global worth $1,316,076,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CARR. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Carrier Global in the third quarter worth about $25,000. YANKCOM Partnership grew its holdings in Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after acquiring an additional 208 shares during the period. Torren Management LLC purchased a new position in Carrier Global during the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates raised its position in 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 acquiring an additional 300 shares in the last quarter. Finally, True Wealth Design LLC lifted 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 acquiring an additional 427 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on CARR shares. Robert W. Baird boosted their price target on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Weiss Ratings raised Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price target on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Morgan Stanley boosted their price target on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Finally, Citigroup boosted their price target on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and an average target price of $74.04.

Carrier Global Trading Down 2.0%

Shares of CARR stock 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 company has a market cap of $55.79 billion, a price-to-earnings ratio of 44.19, a PEG ratio of 2.69 and a beta of 1.34. The stock has a 50 day simple moving average of $62.30 and a 200-day simple moving average of $59.02. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09.

Carrier Global (NYSE:CARR) last announced its 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 business 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 business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. 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 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm 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%.

Carrier Global Company 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.