Welch Group LLC raised its holdings in shares of Carrier Global Corporation (NYSE:CARR – Free Report) by 13.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,179 shares of the company’s stock after acquiring an additional 17,173 shares during the quarter. Welch Group LLC’s holdings in Carrier Global were worth $8,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Carrier Global in the fourth quarter worth $380,299,000. Capital International Investors raised 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 valued at $3,461,142,000 after purchasing an additional 3,630,524 shares during the period. Ameriprise Financial Inc. lifted its holdings in Carrier Global by 506.1% during the 3rd 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 holdings in Carrier Global by 461.5% during the 4th 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. Finally, Ontario Teachers Pension Plan Board bought a new position in Carrier Global in the 4th quarter worth about $99,839,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on CARR shares. Wells Fargo & Company lifted their target price on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Evercore increased their price target on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Rothschild & Co Redburn raised 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. Robert W. Baird boosted their price objective on shares of Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Finally, Morgan Stanley upped their target price on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Twelve research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and an average target price of $74.09.
Carrier Global Price Performance
Carrier Global stock opened at $73.56 on Friday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The business has a 50-day simple moving average of $66.28 and a 200 day simple 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. The stock has a market cap of $61.09 billion, a price-to-earnings ratio of 48.39, a PEG ratio of 3.05 and a beta of 1.34.
Carrier Global (NYSE:CARR – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the company earned $0.65 EPS. The company’s quarterly revenue 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. On average, research analysts forecast that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.
Carrier Global Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio is 63.16%.
Carrier Global Company 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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