KBC Group NV Has $16.79 Million Stock Position in Carrier Global Corporation $CARR

KBC Group NV increased its stake in shares of Carrier Global Corporation (NYSE:CARR) by 4.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 298,224 shares of the company’s stock after acquiring an additional 11,850 shares during the quarter. KBC Group NV’s holdings in Carrier Global were worth $16,793,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CARR. Brighton Jones LLC boosted its holdings in Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after purchasing an additional 1,850 shares during the period. AQR Capital Management LLC raised its position in shares of Carrier Global by 51.5% during the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after buying an additional 23,200 shares during the last quarter. United Bank raised its position in shares of Carrier Global by 41.2% during the second quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after buying an additional 4,956 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in shares of Carrier Global by 33.7% in the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after buying an additional 4,277 shares during the period. Finally, Guggenheim Capital LLC lifted its stake in shares of Carrier Global by 6.0% in the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after buying an additional 561 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Price Performance

Shares of CARR stock opened at $66.68 on Wednesday. The stock’s fifty day simple moving average is $68.32 and its 200 day simple moving average is $62.90. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The firm has a market cap of $55.38 billion, a price-to-earnings ratio of 43.87, a P/E/G ratio of 2.68 and a beta of 1.31. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data 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 return on equity of 14.81% and a net margin of 5.99%.The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same period last year, the business earned $0.65 earnings per share. The business’s 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, analysts expect that Carrier Global Corporation will post 2.79 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors 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 of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analysts Forecast Growth

CARR has been the topic of several research reports. Robert W. Baird boosted their price target on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Wolfe Research reiterated an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research note on Thursday, July 9th. BNP Paribas Exane assumed coverage on shares of Carrier Global in a report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price of $73.51.

About Carrier Global

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.