ING Groep NV Makes New Investment in Carrier Global Corporation $CARR

ING Groep NV bought a new position in Carrier Global Corporation (NYSE:CARR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 191,716 shares of the company’s stock, valued at approximately $11,445,000.

A number of other institutional investors and hedge funds have also modified their holdings of CARR. AdvisorShares Investments LLC purchased a new stake in shares of Carrier Global during the 2nd quarter worth about $25,000. Winnow Wealth LLC acquired a new position in Carrier Global during the second quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Carrier Global in the second quarter valued at approximately $26,000. Clayton Financial Group LLC acquired a new stake in shares of Carrier Global in the third quarter valued at about $26,000. Finally, Traub Capital Management LLC bought a new position in shares of Carrier Global in the second quarter worth about $27,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group increased their target price on Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, February 6th. JPMorgan Chase & Co. boosted their price objective on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Barclays cut their target price on Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Wolfe Research dropped their target price on shares of Carrier Global from $74.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. Finally, Zacks Research lowered Carrier Global from a “hold” rating to a “strong sell” rating in a research report on Monday. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.65.

Carrier Global Stock Performance

NYSE CARR opened at $67.22 on Thursday. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The stock has a market cap of $56.18 billion, a PE ratio of 39.31, a P/E/G ratio of 2.64 and a beta of 1.33. The firm has a 50-day moving average of $56.15 and a 200-day moving average of $59.03. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the previous year, the firm posted $0.54 EPS. The company’s revenue was down 6.0% 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 2.99 EPS for the current year.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Tuesday, January 20th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. This is an increase from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, January 20th. Carrier Global’s payout ratio is presently 56.14%.

Carrier Global declared that its Board of Directors has initiated a stock repurchase program on Tuesday, October 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Carrier Global 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.