Fiduciary Management Inc. WI Has $209.88 Million Stake in Carrier Global Corporation $CARR

Fiduciary Management Inc. WI increased its stake in shares of Carrier Global Corporation (NYSE:CARR) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,972,009 shares of the company’s stock after acquiring an additional 198,951 shares during the quarter. Carrier Global comprises about 2.3% of Fiduciary Management Inc. WI’s portfolio, making the stock its 8th largest holding. Fiduciary Management Inc. WI’s holdings in Carrier Global were worth $209,881,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CARR. Norges Bank bought a new position in shares of Carrier Global during the fourth quarter worth $380,299,000. Capital International Investors raised its stake in Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after purchasing an additional 3,630,524 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Carrier Global by 506.1% during the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock valued at $249,977,000 after purchasing an additional 3,496,372 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Carrier Global by 461.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock valued at $130,003,000 after purchasing an additional 2,022,136 shares in the last quarter. Finally, PineStone Asset Management Inc. raised its stake in Carrier Global by 34.6% during the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock valued at $377,987,000 after purchasing an additional 1,837,985 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CARR shares. Argus upped their price target 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. Wells Fargo & Company upped their price target on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Wolfe Research upped their price target on shares of Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Citigroup upped their price target on shares of Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, CICC Research decreased their price target on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.04.

Carrier Global Trading Down 2.0%

CARR stock opened at $67.18 on Friday. The company has a market capitalization of $55.79 billion, a PE ratio of 44.19, a P/E/G ratio of 2.69 and a beta of 1.34. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The firm’s 50-day moving average is $62.30 and its 200 day moving average is $59.02. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the prior year, the business earned $0.65 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts anticipate that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio is presently 63.16%.

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.