Principal Financial Group Inc. Trims Holdings in Carrier Global Corporation $CARR

Key Points

• Principal Financial Group cut its stake in Carrier Global by 20.5% in Q4, selling 448,874 shares and now holds 1,745,608 shares worth about $92.24 million.
• Institutional ownership sits around 91%, with large funds (Capital International, State Street, Dodge & Cox, PineStone) increasing positions—Capital International now owns ~57.98 million shares (~$3.46B) and PineStone grew its stake by 34.6%.
• Analysts give Carrier a Moderate Buy consensus (average price target $74.14); the company recently beat quarterly EPS and revenue estimates ($0.57 EPS on $5.34B revenue), set FY2026 guidance of 2.8 EPS, and declared a $0.24 quarterly dividend (1.4% yield).

Principal Financial Group Inc. reduced its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 20.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,745,608 shares of the company's stock after selling 448,874 shares during the quarter. Principal Financial Group Inc. owned approximately 0.21% of Carrier Global worth $92,238,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital International Investors increased its stake in Carrier Global by 6.7% in the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company's stock worth $3,461,142,000 after buying an additional 3,630,524 shares during the period. State Street Corp increased its stake in Carrier Global by 1.4% in the 3rd quarter. State Street Corp now owns 33,377,339 shares of the company's stock worth $1,992,627,000 after buying an additional 473,692 shares during the period. Fisher Asset Management LLC increased its stake in Carrier Global by 0.6% in the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company's stock worth $903,807,000 after buying an additional 90,585 shares during the period. Dodge & Cox increased its stake in Carrier Global by 5.1% in the 3rd quarter. Dodge & Cox now owns 13,427,697 shares of the company's stock worth $801,634,000 after buying an additional 651,648 shares during the period. Finally, PineStone Asset Management Inc. increased its stake in Carrier Global by 34.6% in the 4th quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company's stock worth $377,987,000 after buying an additional 1,837,985 shares during the period. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CARR has been the topic of several research reports. CICC Research cut their price target on Carrier Global from $76.85 to $69.78 and set an "outperform" rating on the stock in a research note on Wednesday, February 11th. Wolfe Research lifted their target price on Carrier Global from $75.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 8th. Weiss Ratings raised Carrier Global from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, April 22nd. Mizuho boosted their price target on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Finally, Barclays boosted their price target on Carrier Global from $67.00 to $79.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Thirteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Carrier Global has a consensus rating of "Moderate Buy" and an average price target of $74.14.

Carrier Global Stock Up 6.0%

Shares of CARR opened at $68.05 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The stock has a market capitalization of $56.52 billion, a price-to-earnings ratio of 44.77, a PEG ratio of 2.56 and a beta of 1.38. The stock has a 50 day moving average price of $59.83 and a 200 day moving average price of $57.85.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The firm had revenue of $5.34 billion during the quarter, compared to analysts' expectations of $5.01 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts forecast that Carrier Global Corporation will post 2.8 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, May 4th. Carrier Global's dividend payout ratio is presently 63.16%.

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.

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