Carrier Global Corporation $CARR Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Carrier Global Corporation (NYSE:CARR) by 42.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 146,558 shares of the company’s stock after buying an additional 43,926 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Carrier Global were worth $8,040,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CARR. Bank of New York Mellon Corp purchased a new position in shares of Carrier Global during the second quarter valued at approximately $590,759,000. Bank of America Corp DE purchased a new stake in Carrier Global in the 2nd quarter valued at $572,908,000. Legal & General Group Plc purchased a new stake in Carrier Global in the 2nd quarter valued at $322,366,000. Primecap Management Co. CA purchased a new stake in Carrier Global in the 2nd quarter valued at $283,585,000. Finally, Deutsche Bank AG bought a new position in Carrier Global during the 2nd quarter valued at $166,165,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of analyst reports. Wells Fargo & Company started coverage on shares of Carrier Global in a report on Thursday, September 24th. They set an “overweight” rating and a $67.00 price objective on the stock. Citigroup upped their target price on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. assumed coverage on shares of Carrier Global in a report on Friday, October 9th. They issued a “neutral” rating and a $61.00 target price for the company. Wolfe Research reiterated an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a report on Thursday, July 9th. Finally, Royal Bank Of Canada dropped their price target on shares of Carrier Global from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 14th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus price target of $70.43.

Carrier Global Stock Up 0.4%

Shares of NYSE:CARR opened at $56.42 on Thursday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The company has a market capitalization of $46.51 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 1.92 and a beta of 1.29. The business has a fifty day moving average price of $57.15 and a two-hundred day moving average price of $62.84. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Analysts forecast that Carrier Global Corporation will post 2.87 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, October 29th. Carrier Global’s dividend payout ratio (DPR) is 66.67%.

Carrier Global Company Profile

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.