Carrier Global Corporation $CARR Shares Acquired by National Pension Service

National Pension Service raised its position in shares of Carrier Global Corporation (NYSE:CARR) by 7.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,621,049 shares of the company’s stock after buying an additional 186,954 shares during the quarter. National Pension Service owned about 0.31% of Carrier Global worth $191,835,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CARR. Brighton Jones LLC boosted its holdings in Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares during the period. Schechter Investment Advisors LLC bought a new stake in Carrier Global in the first quarter valued at $201,000. CWM LLC lifted its stake in Carrier Global by 0.6% in the first quarter. CWM LLC now owns 60,122 shares of the company’s stock valued at $3,812,000 after buying an additional 346 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Carrier Global by 5.5% during the first quarter. Signaturefd LLC now owns 19,374 shares of the company’s stock valued at $1,228,000 after acquiring an additional 1,009 shares during the period. Finally, Sigma Planning Corp grew its position in shares of Carrier Global by 8.3% during the first quarter. Sigma Planning Corp now owns 13,999 shares of the company’s stock worth $888,000 after acquiring an additional 1,076 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE CARR opened at $55.89 on Thursday. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $81.09. The company has a current ratio of 1.14, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $47.07 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 2.38 and a beta of 1.30. The firm has a 50-day moving average of $59.24 and a two-hundred day moving average of $66.85.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.10. Carrier Global had a net margin of 18.05% and a return on equity of 16.65%. The company had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the previous year, the company posted $0.83 EPS. The business’s revenue was down 6.8% compared to the same quarter last year. Carrier Global has set its FY 2025 guidance at 2.650-2.650 EPS. As a group, analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 28th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 10.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Wednesday, October 29th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $0.90 annualized dividend and a dividend yield of 1.6%. Carrier Global’s dividend payout ratio is currently 20.13%.

Analyst Ratings Changes

CARR has been the topic of several recent research reports. Wells Fargo & Company cut their price objective on shares of Carrier Global from $65.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 29th. Rothschild & Co Redburn boosted their price target on Carrier Global from $66.00 to $67.00 in a research report on Thursday, October 30th. Robert W. Baird set a $72.00 price target on Carrier Global in a report on Wednesday, October 29th. Citigroup cut their price objective on shares of Carrier Global from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Carrier Global in a report on Thursday, September 11th. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $72.94.

Carrier Global Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.