Carrier Global Corporation $CARR Shares Bought by Swiss National Bank

Swiss National Bank lifted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,224,585 shares of the company’s stock after buying an additional 125,700 shares during the quarter. Swiss National Bank’s holdings in Carrier Global were worth $125,266,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Torren Management LLC purchased a new position in shares of Carrier Global in the fourth quarter valued at $25,000. YANKCOM Partnership lifted its holdings in Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after buying an additional 208 shares in the last quarter. True Wealth Design LLC boosted its position in Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after buying an additional 427 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Carrier Global during the fourth quarter valued at about $27,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Carrier Global during the fourth quarter valued at about $33,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Down 2.3%

Shares of CARR stock opened at $67.08 on Tuesday. 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 stock has a market cap of $55.71 billion, a PE ratio of 44.13, a price-to-earnings-growth ratio of 2.75 and a beta of 1.31. The business’s fifty day moving average is $68.30 and its 200-day moving average is $62.80. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09.

Carrier Global (NYSE:CARR) last announced 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. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts expect that Carrier Global Corporation will post 2.79 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a $0.24 dividend. The ex-dividend date 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 is presently 63.16%.

Wall Street Analyst Weigh In

A number of research analysts have commented on CARR shares. Citigroup increased their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. The Goldman Sachs Group increased their price target on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Weiss Ratings raised Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Finally, BNP Paribas Exane started coverage on Carrier Global in a research note on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective on the stock. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.51.

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.