Carrier Global Corporation $CARR Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in shares of Carrier Global Corporation (NYSE:CARR) by 3.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 512,875 shares of the company’s stock after selling 16,316 shares during the period. US Bancorp DE’s holdings in Carrier Global were worth $30,619,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. AdvisorShares Investments LLC purchased a new stake in shares of Carrier Global during the second quarter worth about $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carrier Global in the 2nd quarter worth about $26,000. Winnow Wealth LLC purchased a new stake in Carrier Global during the 2nd quarter worth approximately $26,000. Traub Capital Management LLC purchased a new stake in Carrier Global during the 2nd quarter worth approximately $27,000. Finally, Clayton Financial Group LLC acquired a new position in shares of Carrier Global during the third quarter valued at approximately $26,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CARR has been the subject of several research reports. The Goldman Sachs Group boosted their price target on Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Citigroup lifted their target price on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. CICC Research reduced their target price on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. Finally, Rothschild & Co Redburn dropped their price objective on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, January 21st. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.82.

Carrier Global Trading Up 2.7%

Shares of CARR stock opened at $64.43 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The company’s 50-day moving average price is $58.74 and its 200-day moving average price is $58.74. The stock has a market cap of $53.85 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 2.52 and a beta of 1.33.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.Carrier Global’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Tuesday, January 20th were issued a $0.24 dividend. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, January 20th. Carrier Global’s payout ratio is currently 56.14%.

About Carrier Global

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.