Banque Cantonale Vaudoise lessened its holdings in Carrier Global Corporation (NYSE:CARR – Free Report) by 32.2% in the 1st quarter, Holdings Channel reports. The firm owned 22,635 shares of the company’s stock after selling 10,742 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Carrier Global were worth $1,275,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Capital International Investors boosted its stake in shares of Carrier Global by 6.7% during the 3rd 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 in the last quarter. State Street Corp lifted its holdings in Carrier Global by 1.1% in the 4th quarter. State Street Corp now owns 33,728,829 shares of the company’s stock worth $1,782,231,000 after purchasing an additional 351,490 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Carrier Global by 0.6% in the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after purchasing an additional 90,585 shares during the last quarter. Dodge & Cox boosted its position in Carrier Global by 5.1% during the third quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock worth $801,634,000 after purchasing an additional 651,648 shares during the period. Finally, Morgan Stanley grew its holdings in Carrier Global by 1.8% during the fourth 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. 91.00% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
CARR has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted their price target on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Citigroup raised their target price on shares of Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Argus lifted 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. Zacks Research raised shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Rothschild & Co Redburn upped their price target on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Twelve research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.09.
Carrier Global Stock Down 3.2%
Shares of CARR stock opened at $73.56 on Friday. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The firm has a market cap of $61.09 billion, a PE ratio of 48.39, a price-to-earnings-growth ratio of 2.95 and a beta of 1.34. The stock has a 50 day moving average of $66.28 and a 200-day moving average of $60.90. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76.
Carrier Global (NYSE:CARR – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) 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 the consensus estimate of $5.01 billion. During the same quarter last year, the company posted $0.65 earnings per share. Carrier Global’s quarterly revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities analysts predict that Carrier Global Corporation will post 2.78 EPS for the current year.
Carrier Global Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is currently 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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