10,393 Carrier Global Corporation $CARR Shares Sold by Wealth Science Advisors LLC

Wealth Science Advisors LLC lowered its position in shares of Carrier Global Corporation (NYSE:CARR) by 70.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,345 shares of the company’s stock after selling 10,393 shares during the period. Wealth Science Advisors LLC’s holdings in Carrier Global were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new stake in Carrier Global in the 2nd quarter valued at $590,759,000. Bank of America Corp DE acquired a new stake in shares of Carrier Global during the second quarter worth $572,908,000. Dimensional Fund Advisors LP boosted its position in shares of Carrier Global by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company’s stock valued at $354,188,000 after acquiring an additional 246,723 shares during the period. Legal & General Group Plc acquired a new position in shares of Carrier Global in the second quarter valued at about $322,366,000. Finally, Primecap Management Co. CA bought a new position in Carrier Global during the second quarter worth about $283,585,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CARR shares. Citigroup boosted their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 13th. Sanford C. Bernstein lowered their target price on shares of Carrier Global from $78.00 to $64.00 and set a “market perform” rating on the stock in a report on Wednesday. Wells Fargo & Company initiated coverage on shares of Carrier Global in a research report on Thursday, September 24th. They issued an “overweight” rating and a $67.00 price target for the company. The Goldman Sachs Group cut their price target on Carrier Global from $85.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. Twelve research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.93.

Carrier Global Trading Down 0.5%

CARR opened at $55.55 on Friday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The company has a 50-day simple moving average of $58.55 and a 200 day simple moving average of $62.87. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $45.79 billion, a price-to-earnings ratio of 38.58, a P/E/G ratio of 1.91 and a beta of 1.29.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the firm earned $0.92 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Analysts predict that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, October 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.7%. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

Carrier Global Profile

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.