Taikang Asset Management Hong Kong Co Ltd Buys Shares of 84,220 Carrier Global Corporation $CARR

Taikang Asset Management Hong Kong Co Ltd bought a new stake in Carrier Global Corporation (NYSE:CARR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 84,220 shares of the company’s stock, valued at approximately $4,450,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd acquired a new stake in Carrier Global in the fourth quarter valued at approximately $203,000. Rakuten Investment Management Inc. raised its position in shares of Carrier Global by 6,281.1% in the fourth quarter. Rakuten Investment Management Inc. now owns 103,054 shares of the company’s stock valued at $5,525,000 after purchasing an additional 101,439 shares during the period. L2 Asset Management LLC raised its position in shares of Carrier Global by 5.9% in the fourth quarter. L2 Asset Management LLC now owns 3,979 shares of the company’s stock valued at $210,000 after purchasing an additional 221 shares during the period. USS Investment Management Ltd raised its position in shares of Carrier Global by 1.3% in the fourth quarter. USS Investment Management Ltd now owns 68,053 shares of the company’s stock valued at $3,596,000 after purchasing an additional 846 shares during the period. Finally, Venture Visionary Partners LLC raised its position in shares of Carrier Global by 0.5% in the fourth quarter. Venture Visionary Partners LLC now owns 44,756 shares of the company’s stock valued at $2,385,000 after purchasing an additional 239 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Up 0.1%

Shares of NYSE:CARR opened at $71.21 on Wednesday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The company’s fifty day moving average is $64.32 and its 200-day moving average is $59.93. The company has a market capitalization of $59.15 billion, a PE ratio of 46.85, a P/E/G ratio of 2.85 and a beta of 1.34.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating 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 company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the previous year, the company earned $0.65 EPS. 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. Equities research analysts predict that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s payout ratio is currently 63.16%.

Analyst Ratings Changes

CARR has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Citigroup boosted their target price on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Argus boosted their target price on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. BNP Paribas Exane initiated coverage on shares of 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, Mizuho boosted their target price on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $74.09.

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.