Artisan Partners Limited Partnership Has $307.61 Million Stock Position in Carrier Global Corporation $CARR

Artisan Partners Limited Partnership lifted its stake in Carrier Global Corporation (NYSE:CARR) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,152,640 shares of the company’s stock after purchasing an additional 199,902 shares during the period. Artisan Partners Limited Partnership owned 0.61% of Carrier Global worth $307,613,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings 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. Norges Bank bought a new stake in shares of Carrier Global in the 2nd quarter valued at about $524,939,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Carrier Global by 1,742.8% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,623,000 shares of the company’s stock valued at $265,167,000 after acquiring an additional 3,426,395 shares during the period. Bank of New York Mellon Corp boosted its stake in Carrier Global by 29.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,740,099 shares of the company’s stock worth $402,384,000 after acquiring an additional 1,525,266 shares during the last quarter. Finally, Soundwatch Capital LLC bought a new position in Carrier Global during the 2nd quarter worth approximately $1,074,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CARR. Rothschild & Co Redburn lowered their price objective on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research report on Wednesday, January 21st. Barclays decreased their target price on Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Wolfe Research dropped their price target on Carrier Global from $74.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Argus lifted their price objective on Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, Royal Bank Of Canada increased their target price on Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.60.

Carrier Global Stock Up 2.0%

Shares of CARR stock opened at $62.76 on Friday. The firm’s fifty day moving average price is $58.53 and its two-hundred day moving average price is $58.75. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The firm has a market capitalization of $52.46 billion, a P/E ratio of 36.70, a PEG ratio of 2.47 and a beta of 1.33.

Carrier Global (NYSE:CARR) last announced 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 net margin of 6.82% and a return on equity of 15.30%. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter in the previous year, the business earned $0.54 EPS. Carrier Global’s 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. On average, equities analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Increases Dividend

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

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.