QRG Capital Management Inc. Has $7.42 Million Stake in Carrier Global Corporation $CARR

QRG Capital Management Inc. increased its position in Carrier Global Corporation (NYSE:CARR) by 152.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,804 shares of the company’s stock after purchasing an additional 79,662 shares during the period. QRG Capital Management Inc.’s holdings in Carrier Global were worth $7,422,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Capital International Investors raised its holdings in Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after buying an additional 3,630,524 shares during the last quarter. State Street Corp grew its holdings in shares of Carrier Global by 1.1% during the fourth quarter. State Street Corp now owns 33,728,829 shares of the company’s stock valued at $1,782,231,000 after buying an additional 351,490 shares during the last quarter. Dodge & Cox increased its position in shares of Carrier Global by 5.1% during the third quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock worth $801,634,000 after acquiring an additional 651,648 shares in the last quarter. Morgan Stanley increased its position in shares of Carrier Global by 1.8% during the fourth quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock worth $621,264,000 after acquiring an additional 210,952 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Carrier Global in the 4th quarter worth about $380,299,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Down 0.1%

Carrier Global stock opened at $69.97 on Friday. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The firm’s 50-day simple moving average is $67.36 and its 200 day simple moving average is $61.55. The stock has a market cap of $58.12 billion, a PE ratio of 46.03, a price-to-earnings-growth ratio of 2.81 and a beta of 1.31.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter last year, the firm earned $0.65 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Research analysts predict that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Announces Dividend

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 Upgrades and Downgrades

CARR has been the topic of several recent research reports. Citigroup raised their price target on shares of Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, May 1st. 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. Argus raised their target price on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings raised Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Finally, BNP Paribas Exane began coverage on Carrier Global in a report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target for the company. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $73.25.

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.