Pinebridge Investments LLC Makes New Investment in Carrier Global Corporation $CARR

Pinebridge Investments LLC purchased a new position in Carrier Global Corporation (NYSE:CARR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 120,358 shares of the company’s stock, valued at approximately $6,360,000.

A number of other large investors have also added to or reduced their stakes in the company. Mandatum Life Insurance Co Ltd grew its holdings in Carrier Global by 20.9% in the 4th quarter. Mandatum Life Insurance Co Ltd now owns 81,662 shares of the company’s stock worth $4,315,000 after acquiring an additional 14,120 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Carrier Global in the 4th quarter worth $420,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Carrier Global by 1.6% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 130,989 shares of the company’s stock worth $6,921,000 after acquiring an additional 2,100 shares during the last quarter. Vise Technologies Inc. grew its holdings in Carrier Global by 2.3% in the 4th quarter. Vise Technologies Inc. now owns 22,153 shares of the company’s stock worth $1,171,000 after acquiring an additional 493 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Carrier Global by 2.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 129,744 shares of the company’s stock worth $6,855,000 after acquiring an additional 2,985 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Rothschild & Co Redburn raised their price target on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. BNP Paribas Exane started coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They set a “neutral” rating and a $62.00 target price on the stock. Evercore lifted their target price on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Finally, Mizuho lifted their target price on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.04.

Carrier Global Trading Up 0.0%

Shares of CARR opened at $67.18 on Monday. The firm’s 50-day moving average price is $62.30 and its 200-day moving average price is $59.07. The firm has a market capitalization of $55.79 billion, a price-to-earnings ratio of 44.19, a PEG ratio of 2.69 and a beta of 1.34. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09.

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

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio is 63.16%.

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.