iA Global Asset Management Inc. Grows Position in Carrier Global Corporation $CARR

iA Global Asset Management Inc. grew its stake in shares of Carrier Global Corporation (NYSE:CARR) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 635,998 shares of the company’s stock after buying an additional 105,000 shares during the period. iA Global Asset Management Inc. owned 0.08% of Carrier Global worth $33,606,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Capital International Investors increased its position in Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after buying an additional 3,630,524 shares in the last quarter. State Street Corp increased its position in Carrier Global by 1.4% during the third quarter. State Street Corp now owns 33,377,339 shares of the company’s stock worth $1,992,627,000 after buying an additional 473,692 shares in the last quarter. Fisher Asset Management LLC increased its position in Carrier Global by 0.6% during the third quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after buying an additional 90,585 shares in the last quarter. Dodge & Cox increased its position in Carrier Global by 5.1% during the third quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock worth $801,634,000 after buying an additional 651,648 shares in the last quarter. Finally, PineStone Asset Management Inc. increased its position in Carrier Global by 34.6% during the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock worth $377,987,000 after buying an additional 1,837,985 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CARR. Mizuho raised their price target on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Barclays raised their price target on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Citigroup raised their price target on Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Argus raised their price objective on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.78.

Carrier Global Price Performance

CARR stock opened at $64.68 on Friday. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The stock’s fifty day simple moving average is $60.31 and its 200-day simple moving average is $58.27. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $53.72 billion, a price-to-earnings ratio of 42.55, a price-to-earnings-growth ratio of 2.58 and a beta of 1.38.

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 business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter last year, the firm earned $0.65 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts expect that Carrier Global Corporation will post 2.8 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, May 4th. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is 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.