Geode Capital Management LLC Sells 36,910 Shares of Carrier Global Corporation $CARR

Geode Capital Management LLC cut its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,314,406 shares of the company’s stock after selling 36,910 shares during the period. Geode Capital Management LLC owned about 2.06% of Carrier Global worth $910,722,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Capital International Investors grew its position in Carrier Global by 6.7% during the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after acquiring an additional 3,630,524 shares during the last quarter. State Street Corp lifted its position in Carrier Global by 1.4% during the 3rd quarter. State Street Corp now owns 33,377,339 shares of the company’s stock worth $1,992,627,000 after buying an additional 473,692 shares in the last quarter. Fisher Asset Management LLC lifted its position in Carrier Global by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after buying an additional 90,585 shares in the last quarter. Dodge & Cox lifted its position in Carrier Global by 5.1% during the 3rd quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock worth $801,634,000 after buying an additional 651,648 shares in the last quarter. Finally, PineStone Asset Management Inc. lifted its position in Carrier Global by 34.6% during the 4th quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock worth $377,987,000 after buying an additional 1,837,985 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Price Performance

Shares of CARR opened at $63.92 on Friday. The company has a 50 day moving average of $61.48 and a 200-day moving average of $58.64. Carrier Global Corporation has a twelve month low of $50.24 and a twelve 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. The stock has a market capitalization of $53.09 billion, a P/E ratio of 42.05, a P/E/G ratio of 2.54 and a beta of 1.38.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 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 during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the prior year, the business posted $0.65 EPS. The company’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. As a group, equities research analysts forecast that Carrier Global Corporation will post 2.8 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CARR. Evercore upped their price target on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Citigroup upped their price target on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Argus lifted their price objective on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Wolfe Research increased their target price on Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $74.04.

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.