Ascentis Independent Advisors Has $46,000 Stock Holdings in Carrier Global Corporation $CARR

Ascentis Independent Advisors decreased its stake in Carrier Global Corporation (NYSE:CARR) by 92.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 811 shares of the company’s stock after selling 10,067 shares during the period. Ascentis Independent Advisors’ holdings in Carrier Global were worth $46,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in Carrier Global in the fourth quarter valued at approximately $380,299,000. Ameriprise Financial Inc. boosted its holdings in shares of Carrier Global by 506.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock valued at $249,977,000 after buying an additional 3,496,372 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Carrier Global by 461.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock valued at $130,003,000 after buying an additional 2,022,136 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Carrier Global in the 4th quarter valued at approximately $99,839,000. Finally, PineStone Asset Management Inc. grew its stake in shares of Carrier Global by 34.6% in the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock valued at $377,987,000 after buying an additional 1,837,985 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Down 1.0%

CARR stock opened at $68.64 on Tuesday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The stock has a market cap of $57.01 billion, a price-to-earnings ratio of 45.16, a price-to-earnings-growth ratio of 2.78 and a beta of 1.31. The company has a fifty day moving average price of $68.07 and a two-hundred day moving average price of $62.26. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data 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. The company 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 was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts anticipate that Carrier Global Corporation will post 2.79 EPS for the current year.

Carrier Global Announces Dividend

The business also recently disclosed 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 is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.4%. Carrier Global’s dividend payout ratio (DPR) is 63.16%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CARR. Rothschild & Co Redburn boosted their target price on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Mizuho increased their price target on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group boosted their price objective on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Finally, Citigroup upped their target price on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a report on Monday. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $73.51.

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.