Norges Bank Makes New $380.30 Million Investment in Carrier Global Corporation $CARR

Norges Bank bought a new position in Carrier Global Corporation (NYSE:CARR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,197,188 shares of the company’s stock, valued at approximately $380,299,000. Norges Bank owned approximately 0.86% of Carrier Global at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KERR FINANCIAL PLANNING Corp bought a new stake in Carrier Global in the third quarter valued at approximately $25,000. Torren Management LLC bought a new stake in Carrier Global in the fourth quarter valued at approximately $25,000. YANKCOM Partnership lifted its position in Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares during the last quarter. True Wealth Design LLC lifted its position 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 purchasing an additional 427 shares during the last quarter. Finally, Global Wealth Strategies & Associates lifted its position in Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 1.9%

Carrier Global stock opened at $65.08 on Tuesday. 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 Corporation has a one year low of $50.24 and a one year high of $81.09. The stock has a market capitalization of $54.05 billion, a PE ratio of 42.81, a price-to-earnings-growth ratio of 2.56 and a beta of 1.38. The business’s fifty day moving average is $61.60 and its 200 day moving average is $58.70.

Carrier Global (NYSE:CARR) last released 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. 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 analysts’ expectations of $5.01 billion. During the same period last year, the firm posted $0.65 earnings per share. Carrier Global’s revenue 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 predict that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were issued a $0.24 dividend. The ex-dividend date was Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. 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 report on Friday, May 1st. Wells Fargo & Company upped their target price on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Robert W. Baird upped their target price on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. JPMorgan Chase & Co. upped their target price on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Weiss Ratings upgraded Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.04.

Carrier Global 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.