Janus Henderson Group PLC Lowers Stock Position in Carrier Global Corporation $CARR

Key Points

• Janus Henderson reduced its Carrier Global position by 19.8% in the first quarter, selling 31,097 shares and retaining 125,923 shares valued at approximately $7.09 million. Institutional investors collectively own about 91% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $73.67; recent targets range from $75 to $81.
• Carrier beat quarterly expectations with EPS of $0.86 versus $0.82 expected and revenue of $6.35 billion, up 3.9% year over year. The company also declared a quarterly dividend of $0.24 per share, representing a 1.5% yield.

Janus Henderson Group PLC lowered its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 19.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,923 shares of the company's stock after selling 31,097 shares during the period. Janus Henderson Group PLC's holdings in Carrier Global were worth $7,090,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Strategic Investment Advisors MI bought a new stake in shares of Carrier Global during the 1st quarter valued at about $210,000. Arkadios Wealth Advisors lifted its position in Carrier Global by 19.0% during the first quarter. Arkadios Wealth Advisors now owns 8,975 shares of the company's stock valued at $505,000 after purchasing an additional 1,435 shares during the period. South Dakota Investment Council grew its holdings in shares of Carrier Global by 235.8% in the first quarter. South Dakota Investment Council now owns 94,081 shares of the company's stock worth $5,298,000 after acquiring an additional 66,068 shares during the period. Arete Wealth Advisors LLC grew its stake in shares of Carrier Global by 1.1% during the 1st quarter. Arete Wealth Advisors LLC now owns 41,613 shares of the company's stock valued at $2,343,000 after purchasing an additional 461 shares during the period. Finally, Amundi boosted its holdings in shares of Carrier Global by 20.3% in the first quarter. Amundi now owns 3,128,546 shares of the company's stock worth $176,168,000 after buying an additional 526,948 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on CARR. Wolfe Research reissued an "outperform" rating and issued a $80.00 price target on shares of Carrier Global in a report on Thursday, July 9th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $78.00 price target on shares of Carrier Global in a report on Thursday, July 30th. Mizuho lifted their price objective on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Argus upped their target price on Carrier Global from $72.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada upped their price target on shares of Carrier Global from $71.00 to $81.00 and gave the stock an "outperform" rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Carrier Global has a consensus rating of "Moderate Buy" and a consensus target price of $73.67.

Carrier Global Stock Performance

Shares of CARR stock opened at $65.48 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $76.76. The business has a 50-day simple moving average of $68.55 and a 200-day simple moving average of $63.73. The stock has a market cap of $53.97 billion, a PE ratio of 45.47, a price-to-earnings-growth ratio of 2.54 and a beta of 1.31.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The firm had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.02 billion. During the same period last year, the firm earned $0.92 EPS. The company's quarterly revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, equities analysts expect that Carrier Global Corporation will post 2.88 EPS for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, July 21st. Carrier Global's payout ratio is presently 66.67%.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source