Meiji Yasuda Asset Management Co Ltd. Trims Stock Holdings in Carrier Global Corporation $CARR

Meiji Yasuda Asset Management Co Ltd. lowered its stake in shares of Carrier Global Corporation (NYSE:CARR) by 24.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 45,882 shares of the company’s stock after selling 14,532 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Carrier Global were worth $2,424,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. 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 buying an additional 3,630,524 shares during the last quarter. State Street Corp raised its stake in shares of Carrier Global by 1.4% during the 3rd quarter. State Street Corp now owns 33,377,339 shares of the company’s stock valued at $1,992,627,000 after buying an additional 473,692 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Carrier Global by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock valued at $903,807,000 after buying an additional 90,585 shares during the last quarter. Dodge & Cox raised its stake in shares of Carrier Global by 5.1% during the 3rd quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock valued at $801,634,000 after buying an additional 651,648 shares during the last quarter. Finally, PineStone Asset Management Inc. raised its stake in shares of Carrier Global by 34.6% during the 4th quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock valued at $377,987,000 after buying an additional 1,837,985 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Rothschild & Co Redburn lifted their price objective on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. CICC Research reduced their price objective on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Finally, BNP Paribas Exane began coverage on Carrier Global in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price target for the company. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.78.

Carrier Global Trading Up 1.6%

CARR stock opened at $63.19 on Friday. 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 Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The stock has a market cap of $52.49 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 2.47 and a beta of 1.38. The business’s 50-day moving average is $60.72 and its 200 day moving average is $58.40.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company 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 firm posted $0.65 EPS. Carrier Global’s 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, sell-side analysts anticipate that Carrier Global Corporation will post 2.8 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, May 4th. Carrier Global’s payout ratio is currently 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.