Handelsbanken Fonder AB Has $6.59 Million Stock Holdings in Carrier Global Corporation $CARR

Handelsbanken Fonder AB lifted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 1,153.0% in the third quarter, Holdings Channel.com reports. The fund owned 110,362 shares of the company’s stock after acquiring an additional 101,554 shares during the quarter. Handelsbanken Fonder AB’s holdings in Carrier Global were worth $6,589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC raised its holdings in Carrier Global by 30.3% during the 4th 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 last quarter. AQR Capital Management LLC increased its position in shares of Carrier Global by 51.5% during the first 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 period. United Bank raised its stake in Carrier Global by 41.2% during the second quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after buying an additional 4,956 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in Carrier Global by 33.7% in the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after buying an additional 4,277 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in Carrier Global during the second quarter valued at $212,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

Shares of CARR opened at $63.84 on Tuesday. The business’s fifty day moving average is $58.95 and its 200 day moving average is $58.62. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. The stock has a market cap of $53.36 billion, a P/E ratio of 37.33, a P/E/G ratio of 2.58 and a beta of 1.32.

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

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Tuesday, January 20th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, January 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.23. Carrier Global’s payout ratio is 56.14%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wolfe Research lifted their price objective on Carrier Global from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays lowered their target price on Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. UBS Group dropped their price target on Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Royal Bank Of Canada raised their price objective on shares of Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Citigroup boosted their target price on shares of Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $70.82.

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.