Capital Research Global Investors Decreases Holdings in Carrier Global Corporation $CARR

Capital Research Global Investors decreased its position in shares of Carrier Global Corporation (NYSE:CARR) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,737,790 shares of the company’s stock after selling 628,337 shares during the quarter. Carrier Global accounts for about 0.7% of Capital Research Global Investors’ holdings, making the stock its 29th biggest position. Capital Research Global Investors owned about 8.94% of Carrier Global worth $3,949,175,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Carrier Global during the 3rd quarter worth approximately $25,000. YANKCOM Partnership boosted its stake in shares of Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after acquiring an additional 208 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Carrier Global during the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates boosted its stake in shares of 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 acquiring 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 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after acquiring an additional 427 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CARR. Morgan Stanley boosted their price target on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Royal Bank Of Canada upped their target price on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. The Goldman Sachs Group upped their target price on Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Argus upped their target price on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Citigroup upped 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 analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.04.

Carrier Global Price Performance

CARR stock opened at $67.18 on Friday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. 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 stock’s 50 day moving average price is $62.30 and its 200 day moving average price is $59.02. The firm 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 (NYSE:CARR) last issued its quarterly earnings results 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. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The business’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, sell-side analysts expect that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis 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 currently 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.