Carrier Global Corporation $CARR Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its holdings in Carrier Global Corporation (NYSE:CARR) by 16.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 165,726 shares of the company’s stock after selling 31,568 shares during the quarter. Handelsbanken Fonder AB’s holdings in Carrier Global were worth $12,156,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. State Street Corp raised its stake in shares of Carrier Global by 1.1% during the fourth quarter. State Street Corp now owns 33,728,829 shares of the company’s stock valued at $1,782,231,000 after purchasing an additional 351,490 shares in the last quarter. 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 buying an additional 210,952 shares in the last quarter. Norges Bank bought a new position in Carrier Global in the 4th quarter valued at about $380,299,000. Fiera Capital Corp increased its stake in Carrier Global by 5.3% during the 4th quarter. Fiera Capital Corp now owns 6,923,485 shares of the company’s stock valued at $365,837,000 after buying an additional 348,812 shares during the period. Finally, Bank of America Corp DE increased its stake in Carrier Global by 14.4% during the 1st quarter. Bank of America Corp DE now owns 6,592,682 shares of the company’s stock valued at $371,234,000 after buying an additional 831,327 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CARR has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. Evercore boosted their target price on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Mizuho upped their target price on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Finally, Morgan Stanley lifted their price target on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Price Performance

Shares of NYSE CARR opened at $63.40 on Friday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average of $68.27 and a two-hundred day moving average of $64.02. The company has a market capitalization of $52.26 billion, a price-to-earnings ratio of 44.03, a PEG ratio of 2.33 and a beta of 1.31.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, analysts expect that Carrier Global Corporation will post 2.89 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is presently 66.67%.

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.