Tredje AP fonden Acquires 93,937 Shares of Carrier Global Corporation $CARR

Tredje AP fonden raised its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 20.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 543,937 shares of the company’s stock after purchasing an additional 93,937 shares during the period. Tredje AP fonden’s holdings in Carrier Global were worth $28,742,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CARR. Handelsbanken Fonder AB raised its stake in Carrier Global by 122.9% during the fourth quarter. Handelsbanken Fonder AB now owns 245,981 shares of the company’s stock valued at $12,998,000 after buying an additional 135,619 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Carrier Global by 7.8% in the fourth quarter. ProShare Advisors LLC now owns 146,030 shares of the company’s stock worth $7,716,000 after acquiring an additional 10,609 shares during the last quarter. Warner Group LLC bought a new position in shares of Carrier Global during the fourth quarter valued at $238,000. Gamco Investors INC. ET AL raised its position in shares of Carrier Global by 3.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 94,785 shares of the company’s stock worth $5,008,000 after purchasing an additional 3,250 shares during the last quarter. Finally, Gabelli Funds LLC raised its position in shares of Carrier Global by 16.5% in the 4th quarter. Gabelli Funds LLC now owns 63,900 shares of the company’s stock worth $3,376,000 after purchasing an additional 9,072 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. CICC Research cut their price objective on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. Royal Bank Of Canada upped their target price on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Wolfe Research increased their price target on shares of Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Barclays raised their price target on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, The Goldman Sachs Group boosted their price objective on shares of Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $73.78.

Carrier Global Price Performance

Shares of CARR opened at $64.68 on Tuesday. The firm has a fifty day simple moving average of $60.40 and a two-hundred day simple moving average of $58.31. The firm has a market cap of $53.72 billion, a PE ratio of 42.55, a P/E/G ratio of 2.57 and a beta of 1.38. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same period last year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities analysts anticipate that Carrier Global Corporation will post 2.8 EPS for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, May 4th. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

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.