DNB Asset Management AS Has $16.99 Million Stock Holdings in Carrier Global Corporation $CARR

DNB Asset Management AS increased its stake in Carrier Global Corporation (NYSE:CARR) by 37.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 284,628 shares of the company’s stock after acquiring an additional 76,981 shares during the quarter. DNB Asset Management AS’s holdings in Carrier Global were worth $16,992,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Carrier Global by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 93,373,143 shares of the company’s stock worth $6,833,980,000 after purchasing an additional 450,594 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Carrier Global by 23.8% during the second quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock worth $2,820,485,000 after buying an additional 7,409,432 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Carrier Global by 3.1% in the second quarter. Fisher Asset Management LLC now owns 15,048,555 shares of the company’s stock valued at $1,101,404,000 after buying an additional 448,055 shares during the period. Brown Advisory Inc. raised its position in shares of Carrier Global by 6.3% in the 2nd quarter. Brown Advisory Inc. now owns 10,281,880 shares of the company’s stock worth $752,533,000 after acquiring an additional 607,901 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Carrier Global in the 2nd quarter valued at about $524,939,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of CARR opened at $64.43 on Friday. The business’s fifty day moving average is $58.74 and its 200 day moving average is $58.74. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. The stock has a market cap of $53.85 billion, a P/E ratio of 37.68, a P/E/G ratio of 2.52 and a beta of 1.33.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The business’s quarterly revenue was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Sell-side analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Tuesday, January 20th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, January 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.23. Carrier Global’s payout ratio is 56.14%.

Analysts Set New Price Targets

CARR has been the subject of several recent analyst reports. Mizuho decreased their target price on Carrier Global from $75.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Zacks Research downgraded shares of Carrier Global from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Wells Fargo & Company lifted their price objective on shares of Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Royal Bank Of Canada increased their target price on shares of Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Carrier Global in a report on Monday, December 29th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.82.

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.