Kestra Advisory Services LLC Sells 10,807 Shares of Carrier Global Corporation $CARR

Kestra Advisory Services LLC trimmed its holdings in Carrier Global Corporation (NYSE:CARR) by 6.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 165,787 shares of the company’s stock after selling 10,807 shares during the period. Kestra Advisory Services LLC’s holdings in Carrier Global were worth $9,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CARR. Aigen Investment Management LP increased its holdings in Carrier Global by 0.3% during the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock worth $2,603,000 after purchasing an additional 166 shares in the last quarter. Advisory Alpha LLC boosted its position in shares of Carrier Global by 2.9% during the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock valued at $319,000 after buying an additional 171 shares during the last quarter. Advisor OS LLC grew its holdings in Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after buying an additional 178 shares in the last quarter. Personal CFO Solutions LLC raised its position in Carrier Global by 0.7% in the 1st quarter. Personal CFO Solutions LLC now owns 24,671 shares of the company’s stock valued at $1,389,000 after buying an additional 181 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC raised its position in Carrier Global by 4.7% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 4,163 shares of the company’s stock valued at $220,000 after buying an additional 186 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

CARR opened at $68.64 on Tuesday. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The firm has a 50-day moving average of $68.07 and a 200 day moving average of $62.26. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The firm has a market cap of $57.01 billion, a P/E ratio of 45.16, a PEG ratio of 2.78 and a beta of 1.31.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts expect that Carrier Global Corporation will post 2.79 EPS for the current year.

Carrier Global Announces Dividend

The company also recently disclosed 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 is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.4%. Carrier Global’s dividend payout ratio is presently 63.16%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Sanford C. Bernstein initiated coverage on shares of Carrier Global in a report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 price objective on the stock. Royal Bank Of Canada raised their price target 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. Wells Fargo & Company upped their price objective on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, Rothschild & Co Redburn lifted their target price on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.51.

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.