Carrier Global Corporation $CARR Stock Bought by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. increased its Carrier Global stake by 36.4% in the third quarter, adding 80,088 shares to own 300,288 shares valued at approximately $16.5 million. Institutional investors collectively own 91% of the company.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $71.93; individual targets range from $61 to $80.
• Carrier exceeded quarterly expectations, reporting $0.86 EPS versus the $0.82 estimate and $6.35 billion in revenue. The company also declared a quarterly dividend of $0.24 per share, equal to a 1.7% annualized yield.

Mn Services Vermogensbeheer B.V. increased its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 36.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 300,288 shares of the company's stock after buying an additional 80,088 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Carrier Global were worth $16,474,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Johnson Financial Group Inc. bought a new position in shares of Carrier Global during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new stake in shares of Carrier Global in the second quarter worth $26,000. Financial Management Professionals Inc. boosted its holdings in Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company's stock worth $28,000 after purchasing an additional 225 shares during the last quarter. Signature Equity Partners LLC boosted its holdings in Carrier Global by 449.2% during the first quarter. Signature Equity Partners LLC now owns 648 shares of the company's stock worth $36,000 after purchasing an additional 530 shares during the last quarter. Finally, Burnham & Co LLC bought a new position in Carrier Global in the second quarter valued at $37,000. Institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CARR. JPMorgan Chase & Co. initiated coverage on shares of Carrier Global in a research note on Friday. They issued a "neutral" rating and a $61.00 price target on the stock. Wells Fargo & Company assumed coverage on Carrier Global in a report on Thursday, September 24th. They issued an "overweight" rating and a $67.00 price objective for the company. Zacks Research downgraded Carrier Global from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 1st. Weiss Ratings reiterated a "hold (c)" rating on shares of Carrier Global in a report on Monday, July 20th. Finally, Wolfe Research reissued an "outperform" rating and set a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.93.

Carrier Global Stock Performance

Shares of CARR stock opened at $55.55 on Friday. The company has a fifty day moving average price of $58.55 and a two-hundred day moving average price of $62.87. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The stock has a market cap of $45.79 billion, a P/E ratio of 38.58, a P/E/G ratio of 1.91 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. Carrier Global's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, equities analysts predict that Carrier Global Corporation will post 2.87 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 29th. Carrier Global's payout ratio is 66.67%.

Carrier Global Profile

Carrier Global Corporation NYSE: CARR is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.

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.