84,220 Shares in Carrier Global Corporation $CARR Purchased by Taikang Asset Management Hong Kong Co Ltd

Taikang Asset Management Hong Kong Co Ltd purchased a new position in shares of Carrier Global Corporation (NYSE:CARR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 84,220 shares of the company’s stock, valued at approximately $4,450,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd acquired a new position in Carrier Global during the 4th quarter worth about $203,000. Rakuten Investment Management Inc. lifted its position in Carrier Global by 6,281.1% during the 4th quarter. Rakuten Investment Management Inc. now owns 103,054 shares of the company’s stock worth $5,525,000 after buying an additional 101,439 shares in the last quarter. L2 Asset Management LLC lifted its position in Carrier Global by 5.9% during the 4th quarter. L2 Asset Management LLC now owns 3,979 shares of the company’s stock worth $210,000 after buying an additional 221 shares in the last quarter. USS Investment Management Ltd lifted its position in Carrier Global by 1.3% during the 4th quarter. USS Investment Management Ltd now owns 68,053 shares of the company’s stock worth $3,596,000 after buying an additional 846 shares in the last quarter. Finally, Venture Visionary Partners LLC lifted its position in Carrier Global by 0.5% during the 4th quarter. Venture Visionary Partners LLC now owns 44,756 shares of the company’s stock worth $2,385,000 after buying an additional 239 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

Carrier Global stock opened at $71.21 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The company has a market cap of $59.15 billion, a PE ratio of 46.85, a PEG ratio of 2.85 and a beta of 1.34. The company’s 50-day moving average is $64.32 and its two-hundred day moving average is $59.93.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $5.01 billion. During the same period in the prior year, the company posted $0.65 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts anticipate that Carrier Global Corporation will post 2.78 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.3%. Carrier Global’s dividend payout ratio is 63.16%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CARR. Wolfe Research upped their price target 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 initiated coverage on shares of Carrier Global in a research report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 target price on the stock. Mizuho upped their target price on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Citigroup upped their target price on shares of Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Morgan Stanley upped their target price on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Twelve equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and an average price target of $74.09.

Carrier Global 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.