Carrier Global Corporation $CARR Shares Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. boosted its position in Carrier Global Corporation (NYSE:CARR) by 19.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 635,998 shares of the company’s stock after acquiring an additional 105,000 shares during the quarter. iA Global Asset Management Inc.’s holdings in Carrier Global were worth $33,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CARR. Brighton Jones LLC boosted its holdings in Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after acquiring an additional 1,850 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after acquiring an additional 23,200 shares during the last quarter. United Bank boosted its holdings in Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after acquiring an additional 4,956 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in Carrier Global by 33.7% in the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after acquiring an additional 4,277 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in Carrier Global by 6.0% in the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after purchasing an additional 561 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the subject of several analyst reports. CICC Research decreased their target price 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. Rothschild & Co Redburn raised their target price on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. BNP Paribas Exane initiated coverage on Carrier Global in a report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 target price on the stock. Wells Fargo & Company raised their target price on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Finally, Evercore raised their target price on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.78.

Carrier Global Stock Performance

Shares of NYSE:CARR opened at $64.68 on Friday. The company has a market cap of $53.72 billion, a P/E ratio of 42.55, a PEG ratio of 2.58 and a beta of 1.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The business’s 50-day simple moving average is $60.31 and its 200 day simple moving average is $58.27.

Carrier Global (NYSE:CARR) last announced its 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 business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the previous year, the company earned $0.65 earnings per share. The company’s revenue for the quarter 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. On average, sell-side analysts forecast that Carrier Global Corporation will post 2.8 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

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

About Carrier Global

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.