Resona Asset Management Co. Ltd. Sells 13,470 Shares of Carrier Global Corporation $CARR

Resona Asset Management Co. Ltd. reduced its stake in Carrier Global Corporation (NYSE:CARR) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 236,087 shares of the company’s stock after selling 13,470 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Carrier Global were worth $12,508,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CARR. Becker Capital Management Inc. grew its holdings in shares of Carrier Global by 5.6% during the third quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock valued at $25,405,000 after buying an additional 22,377 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Carrier Global by 6.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock valued at $59,586,000 after buying an additional 72,906 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in shares of Carrier Global during the fourth quarter valued at about $1,556,000. Cardinal Capital Management Inc. grew its holdings in shares of Carrier Global by 11.3% during the fourth quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock valued at $21,675,000 after buying an additional 41,647 shares during the last quarter. Finally, Canoe Financial LP grew its holdings in shares of Carrier Global by 607.5% during the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock valued at $63,146,000 after buying an additional 1,026,147 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. CICC Research reduced their price objective 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. Wells Fargo & Company lifted their price objective on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Barclays lifted their price objective on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Evercore lifted their price objective on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Finally, Robert W. Baird lifted their price objective on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and a consensus price target of $73.78.

Carrier Global Stock Up 3.6%

Carrier Global stock opened at $63.64 on Thursday. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The stock has a market cap of $52.86 billion, a PE ratio of 41.87, a price-to-earnings-growth ratio of 2.44 and a beta of 1.38. The firm’s 50-day simple moving average is $60.56 and its 200 day simple moving average is $58.35. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05.

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

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be issued 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 1.5%. Carrier Global’s 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.