80,088 Carrier Global Corporation $CARR Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. boosted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 36.4% in the third quarter, HoldingsChannel reports. The firm owned 300,288 shares of the company’s stock after purchasing an additional 80,088 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Carrier Global were worth $16,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dynamic Advisor Solutions LLC lifted its stake in shares of Carrier Global by 2.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock worth $426,000 after buying an additional 158 shares during the last quarter. Aigen Investment Management LP grew its stake in Carrier Global by 0.3% in the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after buying an additional 166 shares during the last quarter. Texas Bank & Trust Co grew its stake in Carrier Global by 1.3% in the 1st quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock valued at $742,000 after buying an additional 175 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in Carrier Global by 0.7% in the 1st quarter. Personal CFO Solutions LLC now owns 24,671 shares of the company’s stock valued at $1,389,000 after acquiring an additional 181 shares during the period. Finally, PFG Investments LLC raised its holdings in Carrier Global by 2.8% in the 1st quarter. PFG Investments LLC now owns 7,242 shares of the company’s stock valued at $408,000 after acquiring an additional 198 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Carrier Global in a research report on Friday. They set a “neutral” rating and a $61.00 price objective for the company. Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a research report on Thursday, July 9th. Wells Fargo & Company started coverage on Carrier Global in a research note on Thursday, September 24th. They set an “overweight” rating and a $67.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Finally, Citigroup boosted their price target on Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and a consensus price target of $71.93.

Carrier Global Stock Performance

NYSE CARR opened at $55.55 on Friday. The firm has a 50-day moving average price of $58.55 and a two-hundred day moving average price of $62.87. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $76.76. The company has a market capitalization of $45.79 billion, a P/E ratio of 38.58, a P/E/G ratio of 1.91 and a beta of 1.29. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same period last year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Analysts anticipate that Carrier Global Corporation will post 2.87 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $0.96 annualized dividend and a yield of 1.7%. Carrier Global’s payout ratio is currently 66.67%.

About Carrier Global

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.