Panagora Asset Management Inc. Has $23.66 Million Stock Holdings in Carrier Global Corporation $CARR

Panagora Asset Management Inc. trimmed its position in shares of Carrier Global Corporation (NYSE:CARR) by 38.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 447,848 shares of the company’s stock after selling 279,073 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.05% of Carrier Global worth $23,664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CARR. Norges Bank acquired a new position in shares of Carrier Global in the fourth quarter worth approximately $380,299,000. Capital International Investors lifted its stake 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 acquiring an additional 3,630,524 shares during the period. Ameriprise Financial Inc. lifted its stake 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 acquiring an additional 3,496,372 shares during the period. Assenagon Asset Management S.A. lifted its stake 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 acquiring an additional 2,022,136 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Carrier Global in the fourth quarter worth approximately $99,839,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CARR. Robert W. Baird lifted their price objective on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. JPMorgan Chase & Co. lifted their price objective on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Wolfe Research lifted their price objective on Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Morgan Stanley lifted their price objective on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Finally, Barclays lifted their price objective on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and an average target price of $74.09.

Carrier Global Trading Up 1.8%

Shares of CARR stock opened at $71.15 on Tuesday. The company has a market cap of $59.09 billion, a P/E ratio of 46.81, a PEG ratio of 2.81 and a beta of 1.34. The stock has a 50 day simple moving average of $64.01 and a two-hundred day simple moving average of $59.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09.

Carrier Global (NYSE:CARR) last issued 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. The business 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%.The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Research analysts forecast that Carrier Global Corporation will post 2.78 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. Shareholders 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 yield of 1.3%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s payout ratio is presently 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.