Carrier Global Corporation $CARR Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its stake in Carrier Global Corporation (NYSE:CARR) by 1.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,768,122 shares of the company’s stock after selling 77,210 shares during the quarter. Legal & General Group Plc owned 0.57% of Carrier Global worth $251,948,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Becker Capital Management Inc. grew its stake in Carrier Global by 5.6% in the 3rd quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock valued at $25,405,000 after acquiring an additional 22,377 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Carrier Global by 6.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock worth $59,586,000 after purchasing an additional 72,906 shares during the last quarter. Y.D. More Investments Ltd acquired a new stake in Carrier Global during the 4th quarter worth $1,556,000. Cardinal Capital Management Inc. boosted its stake in Carrier Global by 11.3% during the 4th quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock worth $21,675,000 after purchasing an additional 41,647 shares during the last quarter. Finally, Canoe Financial LP boosted its stake in Carrier Global by 607.5% during the 4th quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock worth $63,146,000 after purchasing an additional 1,026,147 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Up 3.0%

Shares of CARR stock opened at $65.01 on Wednesday. The company’s 50-day moving average price is $61.05 and its 200-day moving average price is $58.50. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The stock has a market cap of $54.00 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 2.51 and a beta of 1.38. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts predict that Carrier Global Corporation will post 2.8 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Carrier Global’s payout ratio is presently 63.16%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CARR shares. Argus lifted their target price on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada lifted their target price on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Citigroup lifted their target price on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company lifted their target price on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Finally, 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. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and an average price target of $73.78.

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.