Carrier Global Corporation $CARR Shares Sold by Impax Asset Management Group plc

Key Points

• Impax Asset Management cut its Carrier stake by 14.4% in Q4, selling 598,565 shares and now holding 3,548,911 shares worth about $187.5 million (roughly 0.42% of Carrier), making CARR its 26th-largest position.
• Analysts hold a consensus rating of "Moderate Buy" with a $69.79 price target, amid mixed recent actions (e.g., Baird raised its target to $72/outperform while BNP Paribas Exane initiated coverage at $62/neutral).
• Carrier missed quarterly EPS and revenue estimates, set FY2026 guidance at 2.80 EPS (analysts expect ~2.74), and declared a $0.24 quarterly dividend ($0.96 annual, ~1.6% yield; ex-dividend date May 4).

Impax Asset Management Group plc lessened its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 14.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,548,911 shares of the company's stock after selling 598,565 shares during the quarter. Carrier Global comprises approximately 1.2% of Impax Asset Management Group plc's holdings, making the stock its 26th largest position. Impax Asset Management Group plc owned approximately 0.42% of Carrier Global worth $187,524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CARR. Brighton Jones LLC raised its stake in shares of Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company's stock worth $543,000 after buying an additional 1,850 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Carrier Global by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company's stock worth $4,236,000 after buying an additional 23,200 shares in the last quarter. United Bank raised its stake in shares of Carrier Global by 41.2% in the 2nd quarter. United Bank now owns 16,991 shares of the company's stock worth $1,244,000 after buying an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Carrier Global by 33.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company's stock worth $1,242,000 after buying an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Carrier Global by 6.0% in the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company's stock worth $725,000 after buying an additional 561 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings raised Carrier Global from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday. Robert W. Baird boosted their target price on Carrier Global from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Friday, February 6th. CICC Research cut their target price on Carrier Global from $76.85 to $69.78 and set an "outperform" rating on the stock in a research report on Wednesday, February 11th. BNP Paribas Exane began coverage on Carrier Global in a research report on Tuesday, April 14th. They set a "neutral" rating and a $62.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Carrier Global from $60.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, January 16th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, Carrier Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.79.

Carrier Global Stock Down 0.7%

Shares of Carrier Global stock opened at $61.08 on Friday. The firm has a market capitalization of $51.03 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 2.51 and a beta of 1.32. 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's fifty day moving average is $59.86 and its 200-day moving average is $57.58.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The firm's quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts anticipate that Carrier Global Corporation will post 2.74 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, May 4th. Carrier Global's payout ratio is presently 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.

Want to see what other hedge funds are holding CARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carrier Global Corporation (NYSE:CARR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.