Carrier Global Corporation $CARR Stock Holdings Trimmed by Shell Asset Management Co.

Shell Asset Management Co. lowered its position in shares of Carrier Global Corporation (NYSE:CARR) by 42.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,982 shares of the company’s stock after selling 10,178 shares during the quarter. Shell Asset Management Co.’s holdings in Carrier Global were worth $835,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares during the period. AQR Capital Management LLC lifted its position in shares of Carrier Global by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after buying an additional 23,200 shares during the last quarter. MGO One Seven LLC acquired a new position in shares of Carrier Global in the 2nd quarter valued at about $200,000. Ritholtz Wealth Management grew its position in shares of Carrier Global by 14.4% during the 2nd quarter. Ritholtz Wealth Management now owns 4,539 shares of the company’s stock valued at $332,000 after buying an additional 571 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in Carrier Global by 1.5% during the second quarter. Nordea Investment Management AB now owns 73,150 shares of the company’s stock worth $5,369,000 after acquiring an additional 1,074 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

CARR has been the subject of a number of research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. Barclays reduced their price objective on Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Argus increased their target price on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. CICC Research reduced their price target on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Finally, UBS Group lowered their price target on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.60.

Carrier Global Trading Up 0.8%

Shares of CARR stock opened at $65.43 on Tuesday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The firm has a market capitalization of $54.69 billion, a PE ratio of 38.26, a price-to-earnings-growth ratio of 2.62 and a beta of 1.32. The stock has a fifty day moving average of $56.84 and a two-hundred day moving average of $58.79. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. Carrier Global’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, research analysts expect that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global declared that its Board of Directors has initiated a share repurchase plan on Tuesday, October 28th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to purchase up to 10.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Carrier Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Tuesday, January 20th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, January 20th. Carrier Global’s payout ratio is 56.14%.

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.