Carrier Global Corporation $CARR Stock Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in shares of Carrier Global Corporation (NYSE:CARR) by 269.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 118,806 shares of the company’s stock after buying an additional 86,665 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Carrier Global were worth $6,646,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp purchased a new position in Carrier Global during the second quarter valued at $590,759,000. Bank of America Corp DE bought a new position in shares of Carrier Global in the second quarter worth about $572,908,000. Dimensional Fund Advisors LP boosted its holdings in Carrier Global by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company’s stock worth $354,188,000 after buying an additional 246,723 shares during the period. Legal & General Group Plc bought a new position in shares of Carrier Global during the second quarter worth $322,366,000. Finally, Primecap Management Co. CA bought a new stake in Carrier Global in the 2nd quarter worth approximately $283,585,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Carrier Global stock opened at $56.26 on Friday. The company’s 50 day simple moving average is $56.88 and its 200-day simple moving average is $62.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The company has a market capitalization of $46.38 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 1.92 and a beta of 1.29.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. Carrier Global’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, equities research analysts expect that Carrier Global Corporation will post 2.87 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.7%. Carrier Global’s payout ratio is presently 66.67%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Sanford C. Bernstein dropped their target price on Carrier Global from $78.00 to $64.00 and set a “market perform” rating for the company in a report on Wednesday, October 7th. The Goldman Sachs Group cut Carrier Global from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $74.00 to $61.00 in a research note on Wednesday, October 14th. JPMorgan Chase & Co. assumed coverage on Carrier Global in a research note on Friday, October 9th. They set a “neutral” rating and a $61.00 price target on the stock. Royal Bank Of Canada lowered their price target on shares of Carrier Global from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Wednesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Carrier Global from $71.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, September 30th. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.43.

Trending Headlines about Carrier Global

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Carrier plans to invest more than $600 million over the next three years in a new, more than 1-million-square-foot advanced manufacturing and engineering center in Fort Worth, Texas. The facility is expected to create approximately 1,500 jobs and expand production of commercial chillers. Carrier Texas investment announcement
• Positive Sentiment: The investment is intended to address record backlog and strong demand from data centers, healthcare, education, industrial customers and other commercial markets. Rising data-center demand for cooling infrastructure could provide Carrier with a long-term growth opportunity. Carrier plans Texas expansion
• Neutral Sentiment: The project strengthens Carrier’s U.S. manufacturing and supply-chain footprint, but the spending will occur over several years. The announcement does not provide a specific near-term revenue or earnings contribution, while construction and ramp-up costs could precede the benefits.
• Neutral Sentiment: Carrier is scheduled to report earnings next week. Analysts expect fiscal 2026 earnings of roughly $2.87 per share, compared with company guidance of $2.90, making the report and management’s outlook important near-term catalysts. Carrier upcoming earnings expectations
• Negative Sentiment: Zacks cautions that Carrier does not currently have the strongest combination of earnings and revenue-estimate trends for a likely earnings beat. With the shares trading at a relatively high price-to-earnings ratio near 39, disappointing results or conservative guidance could weigh on the stock.

Carrier Global Profile

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, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.