Natixis Advisors LLC Sells 63,169 Shares of Carrier Global Corporation $CARR

Natixis Advisors LLC lowered its position in shares of Carrier Global Corporation (NYSE:CARR) by 26.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,739 shares of the company’s stock after selling 63,169 shares during the period. Natixis Advisors LLC’s holdings in Carrier Global were worth $9,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp bought a new position in Carrier Global during the 3rd quarter worth $25,000. Torren Management LLC acquired a new position in Carrier Global during the 4th quarter worth about $25,000. YANKCOM Partnership lifted its holdings in Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after buying an additional 208 shares during the period. True Wealth Design LLC lifted its holdings in Carrier Global by 723.7% during the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after buying an additional 427 shares during the period. Finally, Global Wealth Strategies & Associates lifted its holdings in Carrier Global by 150.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after buying an additional 300 shares during the period. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of recent analyst reports. CICC Research dropped their price objective 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. Robert W. Baird boosted their target price on Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Citigroup increased their price objective on Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Morgan Stanley lifted their target price on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, Evercore boosted their target price on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and an average target price of $74.04.

Carrier Global Trading Up 0.0%

NYSE:CARR opened at $67.18 on Monday. The company has a market cap of $55.79 billion, a P/E ratio of 44.19, a P/E/G ratio of 2.69 and a beta of 1.34. The stock’s fifty day moving average price is $62.30 and its two-hundred day moving average price is $59.07. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. 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) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) 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 return on equity of 14.81% and a net margin of 5.99%.The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, analysts expect that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. 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.