National Pension Service Sells 1,400,790 Shares of Carrier Global Corporation $CARR

National Pension Service trimmed its position in shares of Carrier Global Corporation (NYSE:CARR) by 52.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,251,071 shares of the company’s stock after selling 1,400,790 shares during the quarter. National Pension Service owned approximately 0.15% of Carrier Global worth $66,107,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Advisory Alpha LLC grew its stake in Carrier Global by 2.9% during the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after buying an additional 171 shares during the last quarter. Advisor OS LLC grew its stake in Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after buying an additional 178 shares during the last quarter. Ironwood Investment Counsel LLC grew its stake in Carrier Global by 4.6% during the third quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock worth $244,000 after buying an additional 181 shares during the last quarter. Rossmore Private Capital grew its stake in Carrier Global by 1.5% during the fourth quarter. Rossmore Private Capital now owns 12,944 shares of the company’s stock worth $684,000 after buying an additional 187 shares during the last quarter. Finally, Code Waechter LLC grew its stake in Carrier Global by 5.0% during the fourth quarter. Code Waechter LLC now owns 3,983 shares of the company’s stock worth $210,000 after buying an additional 189 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CARR. The Goldman Sachs Group upped their price objective on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. BNP Paribas Exane began coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Mizuho upped their price objective on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.04.

Carrier Global Price Performance

Shares of CARR stock opened at $63.92 on Friday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The firm’s 50 day moving average is $61.48 and its 200-day moving average is $58.64. The firm has a market capitalization of $53.09 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 2.54 and a beta of 1.38. 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 (NYSE:CARR) last announced its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) 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 company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the business 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. Sell-side analysts forecast that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, May 4th. Carrier Global’s dividend payout ratio is currently 63.16%.

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.