Ethic Inc. Reduces Stock Position in Carrier Global Corporation $CARR

Posted by Micah Haroldson on May 11th, 2026

Ethic Inc. decreased its position in Carrier Global Corporation (NYSE:CARR – Free Report) by 19.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,380 shares of the company’s stock after selling 20,543 shares during the quarter. Ethic Inc.’s holdings in Carrier Global were worth $4,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CARR. Capital International Investors grew its holdings in shares of Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after buying an additional 3,630,524 shares in the last quarter. State Street Corp lifted its stake in shares of Carrier Global by 1.4% during the third quarter. State Street Corp now owns 33,377,339 shares of the company’s stock valued at $1,992,627,000 after buying an additional 473,692 shares during the period. Fisher Asset Management LLC boosted its position in Carrier Global by 0.6% during the third quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after acquiring an additional 90,585 shares during the last quarter. Dodge & Cox boosted its position in Carrier Global by 5.1% during the third quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock worth $801,634,000 after acquiring an additional 651,648 shares during the last quarter. Finally, PineStone Asset Management Inc. grew its stake in Carrier Global by 34.6% in the 4th quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock worth $377,987,000 after acquiring an additional 1,837,985 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Down 0.1%

Shares of CARR opened at $66.79 on Monday. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The company’s fifty day moving average is $59.91 and its two-hundred day moving average is $57.93. The firm has a market cap of $55.48 billion, a PE ratio of 43.94, a price-to-earnings-growth ratio of 2.66 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 (NYSE:CARR – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 14.81% and a net margin of 5.99%.The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts forecast that Carrier Global Corporation will post 2.8 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders 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 annualized dividend and a yield of 1.4%. Carrier Global’s dividend payout ratio is currently 63.16%.

Analyst Ratings Changes

Several research analysts have weighed in on CARR shares. Robert W. Baird boosted their price target on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. CICC Research lowered their price objective on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. BNP Paribas Exane started coverage on Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 target price on the stock. Finally, Wells Fargo & Company raised their price target on Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.57.

Check Out Our Latest Stock Analysis on CARR

Trending Headlines about Carrier Global

Here are the key news stories impacting Carrier Global this week:

Positive Sentiment: Carrier announced and broke ground on a new ₹1,000 crore air-conditioning facility in Sri City, Andhra Pradesh, which will also serve as an export hub. The move signals capacity expansion, deeper manufacturing localization, and a bigger growth runway in India. Article: Andhra Minister lays foundation stone for Carrier Global’s ₹1,000 cr AC facility in Sri City
Positive Sentiment: Company commentary and local reports said India is becoming a key export hub for Carrier due to Sri City’s port access, reinforcing expectations for international sales growth and improved supply-chain efficiency. Article: India becoming key export hub for Carrier thanks to port advantage: CEO Gitlin
Positive Sentiment: Analyst coverage turned supportive, with Rothschild & Co Redburn raising its price target to $73 and Argus reiterating a constructive outlook, which can help sentiment around the shares. Article: Rothschild & Co Redburn Boosts Carrier Global (NYSE:CARR) Price Target to $73.00 Article: Argus Forecasts Strong Price Appreciation for Carrier Global (NYSE:CARR) Stock
Neutral Sentiment: Several articles recapped Carrier’s Q1 earnings call, reflecting continued investor focus on execution and guidance rather than a new catalyst. Article: 5 insightful analyst questions from Carrier Global’s Q1 earnings call

Carrier Global Profile

(Free Report)

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.