Capital World Investors Sells 4,499,237 Shares of Carrier Global Corporation $CARR

Capital World Investors cut its stake in Carrier Global Corporation (NYSE:CARR) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,653,471 shares of the company’s stock after selling 4,499,237 shares during the period. Capital World Investors owned about 2.71% of Carrier Global worth $1,197,087,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CARR. Brighton Jones LLC grew its holdings in shares of Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after purchasing an additional 23,200 shares during the last quarter. United Bank grew its holdings in shares of Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after purchasing an additional 4,956 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Carrier Global by 33.7% in the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after purchasing an additional 4,277 shares during the last quarter. Finally, Guggenheim Capital LLC grew its holdings in shares of Carrier Global by 6.0% in the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock worth $725,000 after purchasing an additional 561 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Up 0.0%

NYSE:CARR opened at $67.18 on Monday. 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 market capitalization of $55.79 billion, a P/E ratio of 44.19, a P/E/G ratio of 2.69 and a beta of 1.34. 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’s 50-day simple moving average is $62.30 and its 200-day simple moving average is $59.07.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. The firm had revenue of $5.34 billion during 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%. Carrier Global’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities analysts anticipate 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 given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. CICC Research cut their price target on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Weiss Ratings upgraded shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Evercore upped their price target on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Wolfe Research increased their target price on shares of Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.04.

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.