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

Wealth Science Advisors LLC reduced its holdings in Carrier Global Corporation (NYSE:CARR) by 70.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Carrier Global from $71.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. JPMorgan Chase & Co. initiated coverage on shares of Carrier Global in a report on Friday. They set a “neutral” rating and a $61.00 target price on the stock. Citigroup upped their price target on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Zacks Research cut shares of Carrier Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. Finally, The Goldman Sachs Group cut their price target on shares of Carrier Global from $85.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus price target of $71.93.

Carrier Global Stock Performance

CARR opened at $55.55 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $76.76. The business has a 50 day moving average of $58.55 and a 200-day moving average of $62.87. The stock has a market cap of $45.79 billion, a price-to-earnings ratio of 38.58, a PEG ratio of 1.91 and a beta of 1.29.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the firm earned $0.92 EPS. The firm’s 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. On average, equities research analysts expect that Carrier Global Corporation will post 2.87 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Thursday, October 29th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.7%. Carrier Global’s dividend payout ratio is presently 66.67%.

Carrier Global Company 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.