Carrier Global Corporation $CARR Shares Sold by Capital International Investors

Capital International Investors lowered its position in shares of Carrier Global Corporation (NYSE:CARR) by 57.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,902,054 shares of the company’s stock after selling 33,080,248 shares during the quarter. Capital International Investors’ holdings in Carrier Global were worth $1,316,076,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Becker Capital Management Inc. raised its holdings in shares of Carrier Global by 5.6% during the third quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock valued at $25,405,000 after acquiring an additional 22,377 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Carrier Global by 6.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock valued at $59,586,000 after acquiring an additional 72,906 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in shares of Carrier Global during the fourth quarter valued at approximately $1,556,000. Cardinal Capital Management Inc. raised its holdings in shares of Carrier Global by 11.3% during the fourth quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock valued at $21,675,000 after acquiring an additional 41,647 shares during the last quarter. Finally, Canoe Financial LP raised its holdings in shares of Carrier Global by 607.5% during the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock valued at $63,146,000 after acquiring an additional 1,026,147 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CARR shares. BNP Paribas Exane started coverage on Carrier Global in a report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings upgraded Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group boosted their target price on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Finally, Robert W. Baird increased their price target on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Twelve 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, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.04.

Carrier Global Price Performance

NYSE:CARR opened at $67.18 on Friday. Carrier Global Corporation has a one year low of $50.24 and a one 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. The stock has a market cap of $55.79 billion, a PE ratio of 44.19, a P/E/G ratio of 2.69 and a beta of 1.34. The stock has a 50 day moving average price of $62.30 and a 200 day moving average price of $59.02.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts expect that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio is presently 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.