Y Intercept Hong Kong Ltd Lowers Stake in Carrier Global Corporation $CARR

Y Intercept Hong Kong Ltd reduced its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 27.3% during the 1st quarter, HoldingsChannel reports. The firm owned 76,535 shares of the company’s stock after selling 28,786 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Carrier Global were worth $4,310,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Carrier Global by 36.8% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 179,139 shares of the company’s stock worth $10,087,000 after acquiring an additional 48,150 shares during the period. Elevation Point Wealth Partners LLC raised its stake in shares of Carrier Global by 40.3% during the first quarter. Elevation Point Wealth Partners LLC now owns 25,895 shares of the company’s stock worth $1,458,000 after purchasing an additional 7,432 shares during the last quarter. Keybank National Association OH lifted its holdings in shares of Carrier Global by 1.8% during the first quarter. Keybank National Association OH now owns 146,637 shares of the company’s stock worth $8,257,000 after purchasing an additional 2,530 shares during the period. Root Financial Partners LLC lifted its holdings in shares of Carrier Global by 65.4% during the first quarter. Root Financial Partners LLC now owns 2,948 shares of the company’s stock worth $166,000 after purchasing an additional 1,166 shares during the period. Finally, CHICAGO TRUST Co NA grew its position in Carrier Global by 294.2% in the 1st quarter. CHICAGO TRUST Co NA now owns 16,018 shares of the company’s stock valued at $902,000 after buying an additional 11,955 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the topic of several recent research reports. Argus boosted their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Wolfe Research boosted their target price on shares of Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Sanford C. Bernstein assumed coverage on shares of Carrier Global in a report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 price objective on the stock. Finally, The Goldman Sachs Group upped their target price on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $73.25.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $69.97 on Monday. The stock has a market cap of $58.12 billion, a PE ratio of 46.03, a price-to-earnings-growth ratio of 2.81 and a beta of 1.31. The business’s fifty day moving average price is $67.36 and its two-hundred day moving average price is $61.61. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. 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 (NYSE:CARR) last announced its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. The firm had revenue of $5.34 billion during 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%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts forecast that Carrier Global Corporation will post 2.78 EPS for the current fiscal 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 issued a $0.24 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.4%. 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.