Carrier Global Corporation $CARR Shares Sold by Tower View Wealth Management LLC

Tower View Wealth Management LLC trimmed its position in shares of Carrier Global Corporation (NYSE:CARR) by 74.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,520 shares of the company’s stock after selling 33,209 shares during the quarter. Tower View Wealth Management LLC’s holdings in Carrier Global were worth $649,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CARR. KERR FINANCIAL PLANNING Corp acquired a new position in Carrier Global during the third quarter worth about $25,000. Torren Management LLC purchased a new position in Carrier Global in the 4th quarter worth approximately $25,000. YANKCOM Partnership lifted its stake in Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of 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 purchasing an additional 427 shares during the last quarter. Finally, Global Wealth Strategies & Associates boosted its holdings in shares of 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 purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the subject of several recent research reports. Sanford C. Bernstein initiated coverage on Carrier Global in a report on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 price target for the company. Wolfe Research upped their target price on Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Morgan Stanley raised their target price on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Finally, Zacks Research raised shares of Carrier Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Twelve equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.09.

Carrier Global Price Performance

Carrier Global stock opened at $76.07 on Friday. The company’s 50 day simple moving average is $65.98 and its 200-day simple moving average is $60.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The company has a market capitalization of $63.18 billion, a price-to-earnings ratio of 50.05, a price-to-earnings-growth ratio of 2.97 and a beta of 1.34.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts expect that Carrier Global Corporation will post 2.78 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.3%. Carrier Global’s payout ratio is presently 63.16%.

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.