Carrier Global Corporation $CARR Shares Sold by Notis McConarty Edward

Notis McConarty Edward trimmed its stake in shares of Carrier Global Corporation (NYSE:CARR) by 19.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,750 shares of the company’s stock after selling 10,740 shares during the period. Notis McConarty Edward’s holdings in Carrier Global were worth $2,365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Aigen Investment Management LP grew its holdings in Carrier Global by 0.3% during the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock worth $2,603,000 after acquiring an additional 166 shares during the period. Advisory Alpha LLC grew its holdings in Carrier Global by 2.9% during the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after acquiring an additional 171 shares during the period. Advisor OS LLC grew its holdings in Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after acquiring an additional 178 shares during the period. Wescott Financial Advisory Group LLC grew its holdings in Carrier Global by 4.7% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 4,163 shares of the company’s stock worth $220,000 after acquiring an additional 186 shares during the period. Finally, Rossmore Private Capital boosted its position in Carrier Global by 1.5% during the fourth quarter. Rossmore Private Capital now owns 12,944 shares of the company’s stock worth $684,000 after purchasing an additional 187 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on CARR shares. Robert W. Baird raised their price objective on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Morgan Stanley raised their price objective on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Citigroup raised their price objective on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a report on Friday, May 1st. Mizuho raised their price objective on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Finally, Zacks Research raised 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.09.

Carrier Global Stock Up 0.1%

Shares of CARR opened at $71.21 on Wednesday. The firm has a market cap of $59.15 billion, a P/E ratio of 46.85, a PEG ratio of 2.85 and a beta of 1.34. The stock’s 50 day moving average is $64.32 and its two-hundred day moving average is $59.93. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. The business 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts predict that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

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