DNB Asset Management AS Has $16.99 Million Position in Carrier Global Corporation $CARR

DNB Asset Management AS raised its stake in Carrier Global Corporation (NYSE:CARR) by 37.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,628 shares of the company’s stock after acquiring an additional 76,981 shares during the period. DNB Asset Management AS’s holdings in Carrier Global were worth $16,992,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CARR. JPMorgan Chase & Co. increased its position in shares of Carrier Global by 23.8% in the second quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock worth $2,820,485,000 after purchasing an additional 7,409,432 shares during the period. Norges Bank acquired a new stake in Carrier Global during the second quarter worth about $524,939,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Carrier Global by 1,742.8% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,623,000 shares of the company’s stock valued at $265,167,000 after buying an additional 3,426,395 shares during the period. Artisan Partners Limited Partnership raised its position in shares of Carrier Global by 63.6% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,952,738 shares of the company’s stock valued at $362,491,000 after buying an additional 1,924,804 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Carrier Global by 29.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,740,099 shares of the company’s stock valued at $402,384,000 after buying an additional 1,525,266 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CARR. Zacks Research cut shares of Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Robert W. Baird boosted their price target on Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Citigroup raised their price objective on Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. lifted their target price on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Carrier Global in a report on Monday, December 29th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and an average target price of $70.82.

Carrier Global Price Performance

Carrier Global stock opened at $64.43 on Friday. The stock has a 50-day moving average price of $58.74 and a two-hundred day moving average price of $58.74. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The company has a market capitalization of $53.85 billion, a PE ratio of 37.68, a P/E/G ratio of 2.52 and a beta of 1.33. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts expect 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 paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Carrier Global’s payout ratio is 56.14%.

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.