Resona Asset Management Co. Ltd. Has $12.51 Million Stock Position in Carrier Global Corporation $CARR

Resona Asset Management Co. Ltd. lowered its stake in Carrier Global Corporation (NYSE:CARR) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,087 shares of the company’s stock after selling 13,470 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Carrier Global were worth $12,508,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CARR. KERR FINANCIAL PLANNING Corp acquired a new stake in Carrier Global in the third quarter valued at approximately $25,000. YANKCOM Partnership raised its stake in shares of Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after acquiring an additional 208 shares during the last quarter. Torren Management LLC bought a new position in shares of Carrier Global during the fourth quarter valued at $25,000. Global Wealth Strategies & Associates raised its stake in shares of Carrier Global by 150.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 300 shares during the last quarter. Finally, True Wealth Design LLC raised its stake in shares of Carrier Global by 723.7% during the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after acquiring an additional 427 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE CARR opened at $63.64 on Thursday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The firm has a fifty day simple moving average of $60.56 and a 200 day simple moving average of $58.35. The company has a market capitalization of $52.86 billion, a PE ratio of 41.87, a P/E/G ratio of 2.44 and a beta of 1.38. 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 announced its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping 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 business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the firm earned $0.65 earnings per share. Carrier Global’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, sell-side analysts forecast that Carrier Global Corporation will post 2.8 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, May 4th. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CARR. CICC Research dropped their price target on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Evercore raised their price target on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Argus raised 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. Finally, Wolfe Research raised 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. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.78.

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.