Carrier Global Corporation $CARR Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its stake in shares of Carrier Global Corporation (NYSE:CARR) by 19.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 125,923 shares of the company’s stock after selling 31,097 shares during the quarter. Janus Henderson Group PLC’s holdings in Carrier Global were worth $7,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in CARR. State Street Corp lifted its position in shares of Carrier Global by 1.1% in the fourth quarter. State Street Corp now owns 33,728,829 shares of the company’s stock valued at $1,782,231,000 after acquiring an additional 351,490 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Carrier Global by 1.8% in the 4th quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock valued at $621,264,000 after purchasing an additional 210,952 shares during the last quarter. Norges Bank purchased a new stake in Carrier Global during the fourth quarter valued at about $380,299,000. Fiera Capital Corp grew its holdings in shares of Carrier Global by 5.3% during the 4th quarter. Fiera Capital Corp now owns 6,923,485 shares of the company’s stock worth $365,837,000 after purchasing an additional 348,812 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Carrier Global by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company’s stock worth $354,188,000 after buying an additional 246,723 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CARR. Rothschild & Co Redburn increased their price objective on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Citigroup increased their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. BNP Paribas Exane initiated coverage on Carrier Global in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 target price on the stock. Wolfe Research reaffirmed an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a report on Thursday, July 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Stock Down 0.3%

CARR opened at $65.48 on Thursday. The company has a market capitalization of $53.97 billion, a PE ratio of 45.47, a price-to-earnings-growth ratio of 2.54 and a beta of 1.31. The business has a 50-day moving average of $68.55 and a 200-day moving average of $63.73. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities research analysts forecast that Carrier Global Corporation will post 2.88 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s payout ratio is currently 66.67%.

About Carrier Global

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.