Carrier Global Corporation $CARR Shares Sold by United Bank

United Bank lessened its position in shares of Carrier Global Corporation (NYSE:CARR) by 75.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,118 shares of the company’s stock after selling 15,878 shares during the period. United Bank’s holdings in Carrier Global were worth $270,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CARR. Brighton Jones LLC grew its position in Carrier Global by 30.3% during the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after buying an additional 1,850 shares during the period. AQR Capital Management LLC lifted its holdings in Carrier Global by 51.5% during the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after purchasing an additional 23,200 shares in the last quarter. Schnieders Capital Management LLC. lifted its holdings in Carrier Global by 33.7% during the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after purchasing an additional 4,277 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in Carrier Global by 6.0% during the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after purchasing an additional 561 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in Carrier Global by 340.3% during the second quarter. Federated Hermes Inc. now owns 8,639 shares of the company’s stock valued at $632,000 after purchasing an additional 6,677 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR opened at $64.68 on Friday. The company’s 50-day moving average price is $60.31 and its 200-day moving average price is $58.27. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The company has a market cap of $53.72 billion, a P/E ratio of 42.55, a P/E/G ratio of 2.58 and a beta of 1.38. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09.

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

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, May 4th. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

Analyst Upgrades and Downgrades

CARR has been the topic of several recent analyst reports. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. increased their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday. Argus increased their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Mizuho increased their price objective on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Finally, Wells Fargo & Company increased their price objective on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.78.

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.