Carrier Global Corporation $CARR Shares Sold by ING Groep NV

ING Groep NV lessened its stake in shares of Carrier Global Corporation (NYSE:CARR) by 16.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 160,213 shares of the company’s stock after selling 31,503 shares during the period. ING Groep NV’s holdings in Carrier Global were worth $8,466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Advisory Alpha LLC lifted its position in shares of Carrier Global by 2.9% during the 4th quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock valued at $319,000 after acquiring an additional 171 shares during the last quarter. Advisor OS LLC lifted its position in shares of Carrier Global by 0.8% during the 4th quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after acquiring an additional 178 shares during the last quarter. Ironwood Investment Counsel LLC lifted its position in shares of Carrier Global by 4.6% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock valued at $244,000 after acquiring an additional 181 shares during the last quarter. Rossmore Private Capital lifted its position in shares of Carrier Global by 1.5% during the 4th quarter. Rossmore Private Capital now owns 12,944 shares of the company’s stock valued at $684,000 after acquiring an additional 187 shares during the last quarter. Finally, Code Waechter LLC lifted its position in shares of Carrier Global by 5.0% during the 4th quarter. Code Waechter LLC now owns 3,983 shares of the company’s stock valued at $210,000 after acquiring an additional 189 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

CARR opened at $67.18 on Monday. The stock has a fifty day moving average of $62.30 and a 200-day moving average of $59.07. The firm has a market capitalization of $55.79 billion, a P/E ratio of 44.19, a PEG 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 company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76.

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. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts forecast that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CARR shares. BNP Paribas Exane started coverage on Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective for the company. CICC Research cut their price objective on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Wells Fargo & Company increased their price objective on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. The Goldman Sachs Group increased their price objective on Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Finally, Weiss Ratings upgraded Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.04.

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.