Jefferies Financial Group Inc. acquired a new position in Carrier Global Corporation (NYSE:CARR – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 64,287 shares of the company’s stock, valued at approximately $3,397,000.
A number of other institutional investors have also made changes to their positions in CARR. Capital International Investors lifted its position in shares of Carrier Global by 6.7% in the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after purchasing an additional 3,630,524 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Carrier Global by 506.1% in the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock worth $249,977,000 after purchasing an additional 3,496,372 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Carrier Global by 461.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after purchasing an additional 2,022,136 shares in the last quarter. PineStone Asset Management Inc. lifted its position in shares of Carrier Global by 34.6% in the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock worth $377,987,000 after purchasing an additional 1,837,985 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Carrier Global by 29.2% in the third quarter. Bank of New York Mellon Corp now owns 6,740,099 shares of the company’s stock worth $402,384,000 after purchasing an additional 1,525,266 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on CARR shares. Mizuho boosted their target price on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. BNP Paribas Exane started coverage on shares of Carrier Global in a report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 target price on the stock. 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 report on Tuesday, May 5th. Evercore boosted their target price on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Finally, Wolfe Research boosted their target price on shares of Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.78.
Carrier Global Price Performance
NYSE:CARR opened at $65.01 on Wednesday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The company has a market cap of $54.00 billion, a P/E ratio of 42.77, a P/E/G ratio of 2.51 and a beta of 1.38. The firm’s fifty day moving average price is $61.05 and its two-hundred day moving average price is $58.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75.
Carrier Global (NYSE:CARR – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The company 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%. Carrier Global’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts expect that Carrier Global Corporation will post 2.8 earnings per share for the current year.
Carrier Global Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, May 4th. Carrier Global’s payout ratio is presently 63.16%.
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.
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