Carrier Global Corporation $CARR Shares Sold by Erste Asset Management GmbH

Erste Asset Management GmbH lessened its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 52.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 7,841 shares of the company’s stock after selling 8,668 shares during the quarter. Erste Asset Management GmbH’s holdings in Carrier Global were worth $464,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CARR. Twin Peaks Wealth Advisors LLC acquired a new position in Carrier Global during the 2nd quarter valued at about $26,000. Winnow Wealth LLC bought a new position in shares of Carrier Global in the second quarter valued at approximately $26,000. Traub Capital Management LLC acquired a new position in shares of Carrier Global during the second quarter valued at approximately $27,000. Clayton Financial Group LLC bought a new stake in Carrier Global during the third quarter worth approximately $26,000. Finally, Salomon & Ludwin LLC raised its holdings in Carrier Global by 460.5% during the third quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $29,000 after purchasing an additional 396 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CARR. Wolfe Research increased their price target on Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. lifted their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Robert W. Baird boosted their price target on shares of Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Morgan Stanley set a $55.00 price target on shares of Carrier Global in a report on Thursday, January 8th. Finally, Rothschild & Co Redburn lowered their price objective on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.82.

Carrier Global Price Performance

NYSE CARR opened at $64.43 on Monday. 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 Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The company has a market cap of $53.85 billion, a PE ratio of 37.68, a PEG ratio of 2.58 and a beta of 1.32. The stock’s 50-day moving average price is $58.74 and its two-hundred day moving average price is $58.63.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share 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 analysts’ expectations of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The business’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the business earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts predict that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Tuesday, January 20th were paid a dividend of $0.24 per share. This is an increase from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a $0.96 annualized dividend and a yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is presently 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.