TD Asset Management Inc Sells 10,518 Shares of Carrier Global Corporation $CARR

TD Asset Management Inc lessened its stake in Carrier Global Corporation (NYSE:CARR) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 313,579 shares of the company’s stock after selling 10,518 shares during the period. TD Asset Management Inc’s holdings in Carrier Global were worth $16,570,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CARR. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Carrier Global in the 3rd quarter valued at about $25,000. YANKCOM Partnership grew its position in shares of Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after buying an additional 208 shares during the last quarter. Torren Management LLC bought a new stake in shares of Carrier Global in the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates grew its position in shares of Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after buying an additional 300 shares during the last quarter. Finally, True Wealth Design LLC grew its position in shares of Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after buying an additional 427 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 0.3%

Shares of Carrier Global stock opened at $67.36 on Tuesday. Carrier Global Corporation has a one year low of $50.24 and a one 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. The stock’s 50-day moving average is $62.56 and its 200 day moving average is $59.17. The firm has a market cap of $55.95 billion, a price-to-earnings ratio of 44.32, a PEG ratio of 2.69 and a beta of 1.34.

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 analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the prior year, the business earned $0.65 EPS. 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 anticipate that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio is 63.16%.

Wall Street Analyst Weigh In

A number of research firms have commented on CARR. JPMorgan Chase & Co. upped their price target on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Rothschild & Co Redburn upped their target price on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. CICC Research cut their target price on Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. The Goldman Sachs Group upped their target price on Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Finally, Wolfe Research upped their target price on Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and an average price target of $74.04.

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.