Bradley Foster & Sargent Inc. CT Sells 31,189 Shares of Carrier Global Corporation $CARR

Bradley Foster & Sargent Inc. CT decreased its holdings in Carrier Global Corporation (NYSE:CARR) by 11.8% in the first quarter, Holdings Channel.com reports. The firm owned 232,269 shares of the company’s stock after selling 31,189 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Carrier Global were worth $13,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. 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. Y.D. More Investments Ltd purchased a new position in Carrier Global in the 4th quarter worth approximately $1,556,000. Cardinal Capital Management Inc. increased its stake in Carrier Global by 11.3% in the 4th quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock worth $21,675,000 after purchasing an additional 41,647 shares during the period. Canoe Financial LP lifted its position in Carrier Global by 607.5% in the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock valued at $63,146,000 after purchasing an additional 1,026,147 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Carrier Global by 16.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,168 shares of the company’s stock valued at $8,093,000 after purchasing an additional 21,350 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $68.91 on Friday. The business has a 50 day moving average of $68.50 and a 200 day moving average of $63.16. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The company has a market cap of $57.24 billion, a PE ratio of 45.34, a P/E/G ratio of 2.76 and a beta of 1.31. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last released its quarterly 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. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts forecast that Carrier Global Corporation will post 2.79 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. Carrier Global’s payout ratio is currently 63.16%.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of analyst reports. Rothschild & Co Redburn increased their price objective on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. upped their price target on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Evercore upped their price target on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Morgan Stanley increased their price target on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, Wells Fargo & Company raised their price target on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.51.

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.