Carrier Global Corporation $CARR Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in Carrier Global Corporation (NYSE:CARR) by 3.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 308,328 shares of the company’s stock after selling 9,723 shares during the period. Segall Bryant & Hamill LLC’s holdings in Carrier Global were worth $17,362,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Carrier Global by 1.1% in the fourth quarter. State Street Corp now owns 33,728,829 shares of the company’s stock valued at $1,782,231,000 after acquiring an additional 351,490 shares in the last quarter. Morgan Stanley raised its holdings in Carrier Global by 1.8% during the fourth quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock worth $621,264,000 after purchasing an additional 210,952 shares in the last quarter. Norges Bank bought a new stake in Carrier Global during the fourth quarter worth approximately $380,299,000. Fiera Capital Corp lifted its position in Carrier Global by 5.3% in the fourth quarter. Fiera Capital Corp now owns 6,923,485 shares of the company’s stock worth $365,837,000 after purchasing an additional 348,812 shares during the period. Finally, Bank of America Corp DE boosted its stake in Carrier Global by 14.4% during the 1st quarter. Bank of America Corp DE now owns 6,592,682 shares of the company’s stock valued at $371,234,000 after purchasing an additional 831,327 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

CARR opened at $61.95 on Friday. The firm has a market cap of $51.07 billion, a PE ratio of 43.02, a P/E/G ratio of 2.39 and a beta of 1.31. The company has a quick ratio of 0.75, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $68.51 and a 200-day simple moving average of $63.48. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, equities analysts predict that Carrier Global Corporation will post 2.88 EPS for the current fiscal year.

Carrier Global Announces Dividend

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 paid a $0.24 dividend. The ex-dividend date of this dividend is 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 currently 66.67%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CARR. Argus lifted their price target on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Rothschild & Co Redburn raised their target price on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Wells Fargo & Company lifted their target price on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Finally, Robert W. Baird upped their price target on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.67.

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.