Swedbank AB Reduces Holdings in Carrier Global Corporation $CARR

Swedbank AB decreased its stake in shares of Carrier Global Corporation (NYSE:CARR) by 7.3% during the first quarter, HoldingsChannel reports. The firm owned 404,212 shares of the company’s stock after selling 31,986 shares during the quarter. Swedbank AB’s holdings in Carrier Global were worth $22,761,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. KERR FINANCIAL PLANNING Corp bought a new position in Carrier Global in the third quarter worth about $25,000. Torren Management LLC purchased a new position in shares of Carrier Global during the 4th quarter worth approximately $25,000. YANKCOM Partnership grew its holdings in shares of 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 period. True Wealth Design LLC raised its position in shares of Carrier Global by 723.7% in 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 in the last quarter. Finally, Global Wealth Strategies & Associates raised its position in shares of Carrier Global by 150.0% in 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 in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CARR shares. 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. JPMorgan Chase & Co. increased their price objective on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Wells Fargo & Company raised their price objective on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Finally, Sanford C. Bernstein started coverage on shares of Carrier Global in a research report on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 target price on the stock. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $73.46.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $67.80 on Friday. The business has a fifty day moving average price of $67.88 and a 200-day moving average price of $62.04. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The company has a market capitalization of $56.31 billion, a PE ratio of 44.60, a PEG ratio of 2.67 and a beta of 1.31. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. Carrier Global’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts expect that Carrier Global Corporation will post 2.79 EPS for the current fiscal year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. Carrier Global’s dividend payout ratio is presently 63.16%.

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.