Carrier Global Corporation $CARR Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC trimmed its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 18.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,520 shares of the company’s stock after selling 12,803 shares during the period. NewEdge Advisors LLC’s holdings in Carrier Global were worth $3,239,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its holdings in Carrier Global by 6.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock valued at $59,586,000 after acquiring an additional 72,906 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Carrier Global by 16.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,168 shares of the company’s stock valued at $8,093,000 after acquiring an additional 21,350 shares during the last quarter. California Public Employees Retirement System increased its stake in Carrier Global by 1.5% in the first quarter. California Public Employees Retirement System now owns 1,430,425 shares of the company’s stock worth $80,547,000 after purchasing an additional 21,367 shares during the period. Mandatum Life Insurance Co Ltd increased its stake in Carrier Global by 36.1% in the first quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company’s stock worth $6,259,000 after purchasing an additional 29,495 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Carrier Global by 1,794.4% during the first quarter. Geneos Wealth Management Inc. now owns 101,386 shares of the company’s stock worth $5,709,000 after purchasing an additional 96,034 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of CARR stock opened at $63.09 on Thursday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The stock has a fifty day simple moving average of $68.37 and a two-hundred day simple moving average of $63.98. The stock has a market capitalization of $52.01 billion, a price-to-earnings ratio of 43.81, a P/E/G ratio of 2.46 and a beta of 1.31.

Carrier Global (NYSE:CARR) last announced its quarterly 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. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, analysts predict that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Evercore raised their price target on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Barclays lifted their price objective on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Royal Bank Of Canada boosted their price objective on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global 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.