Carrier Global Corporation $CARR Shares Bought by Czech National Bank

Czech National Bank grew its position in Carrier Global Corporation (NYSE:CARR) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,230 shares of the company’s stock after purchasing an additional 8,250 shares during the period. Czech National Bank’s holdings in Carrier Global were worth $16,301,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CARR. Norges Bank acquired a new position in shares of Carrier Global during the fourth quarter worth $380,299,000. Ontario Teachers Pension Plan Board purchased a new position in Carrier Global in the 4th quarter valued at about $99,839,000. Voloridge Investment Management LLC grew its stake in shares of Carrier Global by 865.3% during the fourth quarter. Voloridge Investment Management LLC now owns 1,974,350 shares of the company’s stock valued at $104,325,000 after acquiring an additional 1,769,813 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Carrier Global by 44.1% during the fourth quarter. Victory Capital Management Inc. now owns 4,783,753 shares of the company’s stock valued at $252,774,000 after acquiring an additional 1,465,144 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its stake in shares of Carrier Global by 1,808.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,501,855 shares of the company’s stock valued at $79,358,000 after acquiring an additional 1,423,152 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.1%

NYSE:CARR opened at $64.01 on Friday. The company has a market cap of $52.77 billion, a PE ratio of 44.45, a P/E/G ratio of 2.48 and a beta of 1.31. The business’s 50 day moving average is $68.56 and its two-hundred day moving average is $63.79. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, analysts predict that Carrier Global Corporation will post 2.88 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio is 66.67%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Royal Bank Of Canada raised their price objective on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, Robert W. Baird increased their target price on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.67.

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.