Dempze Nancy E Lowers Holdings in Carrier Global Corporation $CARR

Dempze Nancy E trimmed its position in Carrier Global Corporation (NYSE:CARR) by 70.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,358 shares of the company’s stock after selling 37,283 shares during the quarter. Dempze Nancy E’s holdings in Carrier Global were worth $812,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CARR. Norges Bank purchased a new stake in shares of Carrier Global in the 4th quarter worth $380,299,000. Capital International Investors lifted its holdings in shares of Carrier Global by 6.7% in the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after buying an additional 3,630,524 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Carrier Global by 506.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock worth $249,977,000 after buying an additional 3,496,372 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Carrier Global by 461.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after buying an additional 2,022,136 shares during the period. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of Carrier Global in the 4th quarter worth $99,839,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Barclays upped their target price on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Evercore upped their target price on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Finally, Argus upped their target price on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Twelve research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and an average price target of $74.09.

Carrier Global Trading Up 0.1%

CARR opened at $71.21 on Wednesday. The firm has a market cap of $59.15 billion, a price-to-earnings ratio of 46.85, a PEG ratio of 2.85 and a beta of 1.34. 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 12 month low of $50.24 and a 12 month high of $81.09. The stock has a fifty day moving average price of $64.32 and a 200-day moving average price of $59.93.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts anticipate that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s 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.