TD Asset Management Inc Has $16.57 Million Stock Position in Carrier Global Corporation $CARR

TD Asset Management Inc reduced its position in shares of Carrier Global Corporation (NYSE:CARR) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 313,579 shares of the company’s stock after selling 10,518 shares during the quarter. TD Asset Management Inc’s holdings in Carrier Global were worth $16,570,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Capital International Investors raised its stake in shares of Carrier Global by 6.7% in the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after purchasing an additional 3,630,524 shares during the last quarter. State Street Corp raised its stake in shares of Carrier Global by 1.4% in the third quarter. State Street Corp now owns 33,377,339 shares of the company’s stock worth $1,992,627,000 after purchasing an additional 473,692 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Carrier Global by 0.6% in the third quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after purchasing an additional 90,585 shares during the last quarter. Dodge & Cox raised its stake in shares of Carrier Global by 5.1% in the third quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock worth $801,634,000 after purchasing an additional 651,648 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Carrier Global in the fourth quarter worth approximately $380,299,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of CARR opened at $67.36 on Tuesday. 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 company has a market capitalization of $55.95 billion, a price-to-earnings ratio of 44.32, a PEG ratio of 2.69 and a beta of 1.34. The stock has a 50 day moving average of $62.56 and a 200 day moving average of $59.17. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 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 the consensus estimate of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.Carrier Global’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, sell-side analysts forecast that Carrier Global Corporation will post 2.78 earnings per share for the current year.

Carrier Global Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently commented on CARR. JPMorgan Chase & Co. increased their price objective on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings raised Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Evercore increased their price objective on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Finally, Rothschild & Co Redburn increased their price objective on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.