DNB Asset Management AS Raises Position in Carrier Global Corporation $CARR

DNB Asset Management AS grew its holdings in Carrier Global Corporation (NYSE:CARR) by 51.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430,575 shares of the company’s stock after purchasing an additional 145,947 shares during the quarter. DNB Asset Management AS’s holdings in Carrier Global were worth $22,752,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. KERR FINANCIAL PLANNING Corp purchased a new position in Carrier Global in the 3rd quarter worth approximately $25,000. Torren Management LLC purchased a new position in Carrier Global in the 4th quarter worth approximately $25,000. YANKCOM Partnership lifted its stake 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 purchasing an additional 208 shares in the last quarter. True Wealth Design LLC lifted its stake in Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after purchasing an additional 427 shares in the last quarter. Finally, Global Wealth Strategies & Associates lifted its stake in Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 300 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CARR shares. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their price target on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday. Robert W. Baird lifted their price target on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Barclays lifted their price target on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company lifted their price target on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $73.78.

Carrier Global Stock Performance

NYSE:CARR opened at $64.68 on Friday. The company has a fifty day simple moving average of $60.31 and a two-hundred day simple moving average of $58.27. The company has a market cap of $53.72 billion, a price-to-earnings ratio of 42.55, a price-to-earnings-growth ratio of 2.58 and a beta of 1.38. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts anticipate that Carrier Global Corporation will post 2.8 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be paid a dividend of $0.24 per share. The ex-dividend date is 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 presently 63.16%.

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.