Carrier Global Corporation $CARR Stock Position Reduced by Erste Asset Management GmbH

Erste Asset Management GmbH trimmed its position in shares of Carrier Global Corporation (NYSE:CARR) by 52.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,841 shares of the company’s stock after selling 8,668 shares during the period. Erste Asset Management GmbH’s holdings in Carrier Global were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in CARR. Spirepoint Private Client LLC boosted its position in Carrier Global by 547.7% in the third quarter. Spirepoint Private Client LLC now owns 60,694 shares of the company’s stock valued at $3,623,000 after buying an additional 51,324 shares in the last quarter. Foster Victor Wealth Advisors LLC increased its holdings in shares of Carrier Global by 24.1% during the third quarter. Foster Victor Wealth Advisors LLC now owns 216,777 shares of the company’s stock worth $12,931,000 after buying an additional 42,161 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Carrier Global in the third quarter valued at approximately $1,986,000. Brookstone Capital Management boosted its holdings in shares of Carrier Global by 220.8% in the 3rd quarter. Brookstone Capital Management now owns 51,852 shares of the company’s stock worth $3,096,000 after acquiring an additional 35,691 shares in the last quarter. Finally, Deprince Race & Zollo Inc. bought a new stake in Carrier Global during the 3rd quarter worth approximately $20,678,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on CARR. Robert W. Baird boosted their price objective on Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Morgan Stanley set a $55.00 price objective on shares of Carrier Global in a report on Thursday, January 8th. CICC Research lowered their price objective on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Citigroup upped their target price on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, Rothschild & Co Redburn lowered their price target on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and a consensus price target of $70.82.

Carrier Global Trading Up 2.7%

CARR opened at $64.43 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The company has a market cap of $53.85 billion, a price-to-earnings ratio of 37.68, a price-to-earnings-growth ratio of 2.58 and a beta of 1.32. The firm has a 50 day simple moving average of $58.74 and a 200 day simple moving average of $58.63. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09.

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

Carrier Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Tuesday, January 20th were issued a $0.24 dividend. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, January 20th. Carrier Global’s dividend payout ratio is currently 56.14%.

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.