Royal Bank of Canada Sells 14,893 Shares of Carrier Global Corporation $CARR

Royal Bank of Canada reduced its stake in Carrier Global Corporation (NYSE:CARR) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,583,017 shares of the company’s stock after selling 14,893 shares during the period. Royal Bank of Canada owned approximately 0.31% of Carrier Global worth $145,451,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. State Street Corp raised its holdings in shares of Carrier Global by 1.1% in the 4th quarter. State Street Corp now owns 33,728,829 shares of the company’s stock valued at $1,782,231,000 after acquiring an additional 351,490 shares in the last quarter. Morgan Stanley raised its position in shares of Carrier Global by 1.8% during the 4th quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock valued at $621,264,000 after buying an additional 210,952 shares in the last quarter. Norges Bank bought a new stake in shares of Carrier Global during the 4th quarter worth $380,299,000. Fiera Capital Corp lifted its holdings in shares of Carrier Global by 5.3% during the 4th quarter. Fiera Capital Corp now owns 6,923,485 shares of the company’s stock worth $365,837,000 after acquiring an additional 348,812 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Carrier Global by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company’s stock worth $354,188,000 after acquiring an additional 246,723 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CARR shares. JPMorgan Chase & Co. lifted their price target on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Argus increased their price objective on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Barclays raised their price objective on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wolfe Research restated an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a research report on Thursday, July 9th. Finally, Morgan Stanley upped their target price on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Trading Up 2.4%

Shares of CARR stock opened at $61.36 on Friday. The stock has a market capitalization of $50.97 billion, a PE ratio of 42.61, a P/E/G ratio of 2.32 and a beta of 1.31. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The business has a 50-day moving average of $68.54 and a 200 day moving average of $63.49. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.75.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.Carrier Global’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, sell-side analysts anticipate that Carrier Global Corporation will post 2.88 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders 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 dividend yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

Carrier Global Company 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.