Carrier Global Corporation $CARR Shares Sold by Bornite Capital Management LP

Bornite Capital Management LP reduced its position in Carrier Global Corporation (NYSE:CARR) by 40.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300,000 shares of the company’s stock after selling 200,000 shares during the quarter. Carrier Global makes up approximately 1.5% of Bornite Capital Management LP’s portfolio, making the stock its 21st biggest position. Bornite Capital Management LP’s holdings in Carrier Global were worth $15,852,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Capital International Investors grew its position in Carrier Global by 6.7% in 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 in the last quarter. State Street Corp grew its position in Carrier Global by 1.1% in the 4th quarter. State Street Corp now owns 33,728,829 shares of the company’s stock valued at $1,782,231,000 after acquiring an additional 351,490 shares in the last quarter. Fisher Asset Management LLC grew its position in Carrier Global by 0.6% in the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock valued at $903,807,000 after acquiring an additional 90,585 shares in the last quarter. Dodge & Cox grew its position in Carrier Global by 5.1% in the 3rd quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock valued at $801,634,000 after acquiring an additional 651,648 shares in the last quarter. Finally, Morgan Stanley grew its position in Carrier Global by 1.8% in the 4th quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock valued at $621,264,000 after acquiring an additional 210,952 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CARR shares. Citigroup lifted their target price on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Robert W. Baird lifted their target price on Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Barclays lifted their target price on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Argus lifted their target price on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Evercore lifted their target price on Carrier Global from $75.00 to $85.00 in a research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.09.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $69.84 on Friday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The company has a market cap of $58.01 billion, a PE ratio of 45.95, a P/E/G ratio of 2.81 and a beta of 1.34. 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 business has a 50-day simple moving average of $63.70 and a 200-day simple moving average of $59.63.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS 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 during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the previous year, the company posted $0.65 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities research analysts forecast that Carrier Global Corporation will post 2.78 EPS 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. Stockholders of record on Tuesday, July 21st will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. 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.