Bristol Gate Capital Partners Inc. Boosts Holdings in Carrier Global Corporation $CARR

Bristol Gate Capital Partners Inc. raised its holdings in Carrier Global Corporation (NYSE:CARR) by 38.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,304,888 shares of the company’s stock after buying an additional 360,703 shares during the quarter. Carrier Global makes up approximately 4.0% of Bristol Gate Capital Partners Inc.’s holdings, making the stock its 21st largest holding. Bristol Gate Capital Partners Inc.’s holdings in Carrier Global were worth $68,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital International Investors grew its holdings in Carrier Global by 6.7% in the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after buying an additional 3,630,524 shares during the period. State Street Corp grew its holdings in Carrier Global by 1.4% in the 3rd quarter. State Street Corp now owns 33,377,339 shares of the company’s stock valued at $1,992,627,000 after buying an additional 473,692 shares during the period. Fisher Asset Management LLC grew its holdings in Carrier Global by 0.6% in the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock valued at $903,807,000 after buying an additional 90,585 shares during the period. Dodge & Cox grew its holdings in Carrier Global by 5.1% in the 3rd quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock valued at $801,634,000 after buying an additional 651,648 shares during the period. Finally, PineStone Asset Management Inc. grew its holdings in Carrier Global by 34.6% in the 4th quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock valued at $377,987,000 after buying an additional 1,837,985 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. The Goldman Sachs Group lifted their price target on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Robert W. Baird boosted their target price on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Wells Fargo & Company boosted their target price on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Citigroup boosted their target price on Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Barclays boosted their target price on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Twelve 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.78.

Carrier Global Stock Up 1.6%

Shares of NYSE:CARR opened at $63.19 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The stock has a market capitalization of $52.49 billion, a P/E ratio of 41.57, a PEG ratio of 2.47 and a beta of 1.38. The stock has a 50-day simple moving average of $60.72 and a 200-day simple moving average of $58.40.

Carrier Global (NYSE:CARR) last issued 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. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts forecast that Carrier Global Corporation will post 2.8 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors 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 yield of 1.5%. Carrier Global’s payout ratio is 63.16%.

Carrier Global Company 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.