Sumitomo Mitsui Trust Group Inc. decreased its position in Carrier Global Corporation (NYSE:CARR – Free Report) by 5.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,628,718 shares of the company’s stock after selling 86,487 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Carrier Global were worth $91,713,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after acquiring an additional 1,850 shares during the period. AQR Capital Management LLC grew its stake in shares of Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after purchasing an additional 23,200 shares in the last quarter. United Bank increased its holdings in shares of Carrier Global by 41.2% during the second quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after purchasing an additional 4,956 shares during the period. Schnieders Capital Management LLC. raised its stake in shares of Carrier Global by 33.7% during the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after purchasing an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Carrier Global by 6.0% during the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after purchasing an additional 561 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Mizuho increased their target price on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Sanford C. Bernstein began coverage on shares of Carrier Global in a research report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, BNP Paribas Exane initiated coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective on the stock. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and an average price target of $73.46.
Carrier Global Price Performance
CARR stock traded up $1.60 during trading hours on Friday, hitting $69.41. 5,640,872 shares of the stock traded hands, compared to its average volume of 5,006,579. The stock has a 50-day simple moving average of $68.04 and a 200 day simple moving average of $62.09. The company has a market cap of $57.65 billion, a P/E ratio of 45.67, a P/E/G ratio of 2.72 and a beta of 1.31. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76.
Carrier Global (NYSE:CARR – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 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 firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the previous year, the business earned $0.65 earnings per share. Carrier Global’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 analysts forecast that Carrier Global Corporation will post 2.79 earnings per share for the current year.
Carrier Global Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s payout ratio is presently 63.16%.
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.
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