Carrier Global Corporation $CARR Shares Sold by Capital Group Investment Management PTE. LTD.

Capital Group Investment Management PTE. LTD. decreased its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 48.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,092 shares of the company’s stock after selling 48,265 shares during the quarter. Capital Group Investment Management PTE. LTD.’s holdings in Carrier Global were worth $2,700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CARR. Norges Bank acquired a new stake in Carrier Global during the fourth quarter worth about $380,299,000. Capital International Investors raised its stake in 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 acquiring an additional 3,630,524 shares during the period. Ameriprise Financial Inc. raised its stake in Carrier Global by 506.1% during the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock worth $249,977,000 after acquiring an additional 3,496,372 shares during the period. Assenagon Asset Management S.A. raised its stake in Carrier Global by 461.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after acquiring an additional 2,022,136 shares during the period. Finally, PineStone Asset Management Inc. raised its stake in Carrier Global by 34.6% during the fourth 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. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Down 2.0%

Carrier Global stock opened at $67.18 on Friday. The firm has a 50 day simple moving average of $62.30 and a 200-day simple moving average of $59.02. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The stock has a market capitalization of $55.79 billion, a PE ratio of 44.19, a price-to-earnings-growth ratio of 2.69 and a beta of 1.34. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. The business had revenue of $5.34 billion during 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% on a year-over-year basis. During the same period last 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 research analysts expect that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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

Analyst Upgrades and Downgrades

CARR has been the topic of several analyst reports. Barclays raised their price target on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Morgan Stanley raised their price target on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Wolfe Research raised their price target on shares of Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. BNP Paribas Exane initiated coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price target on the stock. Finally, Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.04.

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.