BI Asset Management Fondsmaeglerselskab A S Trims Stake in Carrier Global Corporation $CARR

BI Asset Management Fondsmaeglerselskab A S lessened its position in Carrier Global Corporation (NYSE:CARR) by 27.1% in the first quarter, HoldingsChannel reports. The firm owned 27,998 shares of the company’s stock after selling 10,427 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Carrier Global were worth $1,577,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Carrier Global in the fourth quarter worth $380,299,000. Capital International Investors lifted its position in 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 acquiring an additional 3,630,524 shares during the period. Ameriprise Financial Inc. boosted its stake in Carrier Global by 506.1% during 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 in the last quarter. Assenagon Asset Management S.A. boosted its stake in Carrier Global by 461.5% during 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 in the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Carrier Global in the fourth quarter worth about $99,839,000. 91.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CARR. Royal Bank Of Canada upped their price target on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Argus lifted their price objective on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings raised Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Citigroup increased their target price on Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company raised their price target on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus target price of $74.09.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $73.96 on Thursday. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The business has a 50-day simple moving average of $65.75 and a two-hundred day simple moving average of $60.66. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The firm has a market cap of $61.43 billion, a price-to-earnings ratio of 48.66, a price-to-earnings-growth ratio of 2.84 and a beta of 1.34.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts expect that Carrier Global Corporation will post 2.78 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) 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.