Varma Mutual Pension Insurance Co Sells 39,014 Shares of Carrier Global Corporation $CARR

Key Points

• Varma Mutual Pension Insurance Co reduced its stake in Carrier Global by 16.8%, selling 39,014 shares and leaving it with 193,895 shares valued at about $10.245 million.
• Carrier Global beat the quarter with $0.57 EPS (vs. $0.51 est.) and $5.34B revenue, set FY2026 guidance at 2.80 EPS, and announced a quarterly dividend of $0.24 (annualized $0.96, ~1.5% yield).
• Brokerages show a consensus "Moderate Buy" with a $74.14 price target, and several firms (including Goldman Sachs) have recently raised targets up to about $80.

Varma Mutual Pension Insurance Co lowered its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 16.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 193,895 shares of the company's stock after selling 39,014 shares during the period. Varma Mutual Pension Insurance Co's holdings in Carrier Global were worth $10,245,000 as of its most recent filing with the SEC.

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

Carrier Global Trading Down 2.4%

Shares of NYSE CARR opened at $64.28 on Wednesday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The stock has a market cap of $53.39 billion, a P/E ratio of 42.29, a price-to-earnings-growth ratio of 2.62 and a beta of 1.38. The firm has a 50-day moving average of $59.74 and a 200 day moving average of $57.77. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75.

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

Carrier Global Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, May 4th. This represents a $0.96 annualized dividend and a yield of 1.5%. Carrier Global's payout ratio is 63.16%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CARR. Argus raised their price target on shares of Carrier Global from $72.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday. BNP Paribas Exane assumed coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They issued a "neutral" rating and a $62.00 target price for the company. Zacks Research raised shares of Carrier Global from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 7th. Mizuho raised their target price on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Finally, The Goldman Sachs Group raised their target price on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Thirteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.14.

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.

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