Carrier Global Corporation $CARR Stock Holdings Cut by Summitry LLC

Summitry LLC reduced its position in shares of Carrier Global Corporation (NYSE:CARR) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 990,752 shares of the company’s stock after selling 23,891 shares during the quarter. Carrier Global comprises 2.2% of Summitry LLC’s portfolio, making the stock its 17th largest holding. Summitry LLC owned about 0.12% of Carrier Global worth $52,351,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp bought a new position in Carrier Global during the 3rd quarter valued at $25,000. Torren Management LLC bought a new position in Carrier Global during the 4th quarter valued at $25,000. YANKCOM Partnership boosted its stake in Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares in the last quarter. True Wealth Design LLC boosted its stake in Carrier Global by 723.7% during the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after purchasing an additional 427 shares in the last quarter. Finally, Global Wealth Strategies & Associates boosted its stake in Carrier Global by 150.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after purchasing an additional 300 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CARR has been the subject of a number of research reports. Argus increased their price target on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. BNP Paribas Exane initiated coverage on Carrier Global in a research note on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target for the company. Barclays increased their price target on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, Wolfe Research raised their price objective on Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $73.78.

Carrier Global Stock Performance

CARR opened at $63.19 on Tuesday. The firm has a market cap of $52.49 billion, a PE ratio of 41.57, a P/E/G ratio of 2.51 and a beta of 1.38. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $60.86 and a 200-day simple moving average of $58.44. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company’s revenue was up 2.4% compared to the same quarter last year. During the same period 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 analysts predict that Carrier Global Corporation will post 2.8 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

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.