Fisher Asset Management LLC decreased its position in shares of Carrier Global Corporation (NYSE:CARR – Free Report) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,795,099 shares of the company’s stock after selling 344,041 shares during the quarter. Fisher Asset Management LLC’s holdings in Carrier Global were worth $781,773,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in CARR. Becker Capital Management Inc. grew its stake in Carrier Global by 5.6% during the 3rd quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock valued at $25,405,000 after acquiring an additional 22,377 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Carrier Global by 6.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock valued at $59,586,000 after acquiring an additional 72,906 shares in the last quarter. Y.D. More Investments Ltd purchased a new stake in Carrier Global during the 4th quarter valued at about $1,556,000. Cardinal Capital Management Inc. grew its stake in Carrier Global by 11.3% during the 4th quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock valued at $21,675,000 after acquiring an additional 41,647 shares in the last quarter. Finally, Canoe Financial LP grew its stake in Carrier Global by 607.5% during the 4th quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock valued at $63,146,000 after acquiring an additional 1,026,147 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.
Wall Street Analyst Weigh In
CARR has been the subject of several research reports. Robert W. Baird upped their price objective on shares of Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. The Goldman Sachs Group lifted their price target on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. BNP Paribas Exane began coverage on Carrier Global in a report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target on the stock. Rothschild & Co Redburn lifted their price target on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Mizuho lifted their price target on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $73.78.
Carrier Global Stock Up 0.1%
Shares of CARR opened at $63.19 on Monday. The firm has a market cap of $52.49 billion, a P/E ratio of 41.57, a price-to-earnings-growth ratio of 2.51 and a beta of 1.38. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The company’s 50-day moving average price is $60.72 and its 200 day moving average price is $58.40. 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 released its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.Carrier Global’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, sell-side analysts forecast that Carrier Global Corporation will post 2.8 earnings per share for the current year.
Carrier Global Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s payout ratio 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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