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

iA Global Asset Management Inc. cut its position in shares of Carrier Global Corporation (NYSE:CARR) by 12.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 555,998 shares of the company’s stock after selling 80,000 shares during the quarter. iA Global Asset Management Inc.’s holdings in Carrier Global were worth $31,308,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. KERR FINANCIAL PLANNING Corp bought a new position in shares of Carrier Global in the 3rd quarter worth about $25,000. YANKCOM Partnership raised its stake in Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after acquiring an additional 208 shares during the period. Torren Management LLC acquired a new position in Carrier Global in the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates boosted its stake in Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 300 shares during the period. Finally, True Wealth Design LLC grew its holdings in shares of Carrier Global by 723.7% during the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after purchasing an additional 427 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research reports. Evercore increased 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 objective on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. increased their target price on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Wolfe Research raised their target price on Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Finally, Robert W. Baird boosted their price target on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.25.

Carrier Global Stock Performance

CARR opened at $73.24 on Wednesday. The business’s 50 day moving average is $66.79 and its 200-day moving average is $61.24. The stock has a market cap of $60.83 billion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 2.95 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 twelve month low of $50.24 and a twelve month high of $81.09.

Carrier Global (NYSE:CARR) last issued 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 business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the company posted $0.65 EPS. The business’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, analysts predict that Carrier Global Corporation will post 2.78 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s payout ratio is 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.