Norges Bank Buys Shares of 7,197,188 Carrier Global Corporation $CARR

Norges Bank purchased a new position in Carrier Global Corporation (NYSE:CARR – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 7,197,188 shares of the company’s stock, valued at approximately $380,299,000.

Other large investors have also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp bought a new position in shares of Carrier Global in the 3rd quarter worth $25,000. YANKCOM Partnership raised its position in shares of Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after acquiring an additional 208 shares in the last quarter. Torren Management LLC bought a new position in shares of Carrier Global in the 4th quarter worth $25,000. Global Wealth Strategies & Associates raised its position in shares of Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after acquiring an additional 300 shares in the last quarter. Finally, True Wealth Design LLC raised its position in shares of Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after acquiring an additional 427 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Performance

NYSE CARR opened at $65.08 on Tuesday. The stock has a market capitalization of $54.05 billion, a price-to-earnings ratio of 42.81, a PEG ratio of 2.56 and a beta of 1.38. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. 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 stock has a 50-day moving average of $61.60 and a 200 day moving average of $58.70.

Carrier Global (NYSE:CARR – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The company 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%.Carrier Global’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Sell-side analysts anticipate that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 4th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio is presently 63.16%.

Analyst Ratings Changes

Several research firms have recently commented on CARR. Wolfe Research boosted their price target on Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Rothschild & Co Redburn boosted their target price on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Evercore boosted their target price on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Finally, Morgan Stanley boosted their target price on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and an average price target of $74.04.

Check Out Our Latest Analysis on Carrier Global

Carrier Global Profile

(Free Report)

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.

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