Candriam S.C.A. Has $11.48 Million Holdings in Carrier Global Corporation $CARR

Candriam S.C.A. raised its stake in Carrier Global Corporation (NYSE:CARR) by 194.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 203,948 shares of the company’s stock after buying an additional 134,590 shares during the period. Candriam S.C.A.’s holdings in Carrier Global were worth $11,484,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CARR. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Carrier Global during the 3rd quarter worth about $25,000. YANKCOM Partnership increased its stake in shares of Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after acquiring an additional 208 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Carrier Global in the 4th quarter valued at approximately $25,000. Global Wealth Strategies & Associates raised its position in shares of Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 300 shares during the period. Finally, True Wealth Design LLC boosted its stake in Carrier Global by 723.7% during the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after acquiring an additional 427 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Up 0.1%

NYSE:CARR opened at $69.41 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The business’s 50-day simple moving average is $68.04 and its 200-day simple moving average is $62.15. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The stock has a market capitalization of $57.65 billion, a PE ratio of 45.67, a price-to-earnings-growth ratio of 2.78 and a beta of 1.31.

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, topping analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.Carrier Global’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Sell-side analysts expect that Carrier Global Corporation will post 2.79 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. 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 annualized dividend and a dividend yield of 1.4%. Carrier Global’s dividend payout ratio is currently 63.16%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CARR shares. Argus boosted their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Wolfe Research reiterated an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a report on Thursday. Barclays increased their target price on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Zacks Research raised shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Mizuho boosted their price target on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus target price of $73.46.

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.