Handelsbanken Fonder AB Has $13 Million Stock Holdings in Carrier Global Corporation $CARR

Handelsbanken Fonder AB lifted its holdings in Carrier Global Corporation (NYSE:CARR) by 122.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 245,981 shares of the company’s stock after buying an additional 135,619 shares during the quarter. Handelsbanken Fonder AB’s holdings in Carrier Global were worth $12,998,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. KERR FINANCIAL PLANNING Corp acquired a new position in Carrier Global during the 3rd quarter worth approximately $25,000. Torren Management LLC acquired a new position in Carrier Global during the 4th quarter worth approximately $25,000. YANKCOM Partnership boosted its position in Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after acquiring an additional 208 shares during the last quarter. True Wealth Design LLC boosted its position in Carrier Global by 723.7% during the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after acquiring an additional 427 shares during the last quarter. Finally, Global Wealth Strategies & Associates boosted its position in Carrier Global by 150.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after acquiring an additional 300 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Trading Down 2.1%

Shares of Carrier Global stock opened at $62.23 on Friday. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The stock has a market cap of $51.68 billion, a P/E ratio of 40.94, a P/E/G ratio of 2.53 and a beta of 1.38. 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 business’s 50 day moving average is $60.64 and its 200-day moving average is $58.37.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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 company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts predict that Carrier Global Corporation will post 2.8 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, May 4th. Carrier Global’s dividend payout ratio is 63.16%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CARR. Barclays upped 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. Evercore upped their price target on Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Royal Bank Of Canada upped their price target on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. CICC Research reduced their price target on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Finally, Rothschild & Co Redburn upped their price target on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus price target of $73.78.

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.