Carrier Global Corporation $CARR Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in shares of Carrier Global Corporation (NYSE:CARR) by 20.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,745,608 shares of the company’s stock after selling 448,874 shares during the period. Principal Financial Group Inc.’s holdings in Carrier Global were worth $92,238,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp acquired a new position in Carrier Global during the 3rd quarter worth about $25,000. Torren Management LLC acquired a new position in Carrier Global during the 4th quarter worth about $25,000. YANKCOM Partnership lifted its stake 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 acquiring an additional 208 shares in the last quarter. True Wealth Design LLC lifted its stake 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 acquiring an additional 427 shares in the last quarter. Finally, Global Wealth Strategies & Associates lifted its stake 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 acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. BNP Paribas Exane initiated coverage on Carrier Global in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price target on the stock. CICC Research dropped their price target on Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. The Goldman Sachs Group raised their price target on Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Wells Fargo & Company raised their price target on Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Finally, Royal Bank Of Canada raised their price target on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Thirteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.14.

Carrier Global Stock Performance

Shares of CARR stock opened at $68.05 on Thursday. The stock has a fifty day moving average price of $59.83 and a 200 day moving average price of $57.85. The stock has a market cap of $56.52 billion, a PE ratio of 44.77, a P/E/G ratio of 2.56 and a beta of 1.38. 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.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. Carrier Global’s revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Sell-side analysts forecast that Carrier Global Corporation will post 2.8 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be issued 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 of this dividend is Monday, May 4th. Carrier Global’s 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.