Securian Asset Management Inc. Sells 17,098 Shares of Carrier Global Corporation $CARR

Securian Asset Management Inc. decreased its position in shares of Carrier Global Corporation (NYSE:CARR) by 44.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,527 shares of the company’s stock after selling 17,098 shares during the quarter. Securian Asset Management Inc.’s holdings in Carrier Global were worth $1,137,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CARR. KERR FINANCIAL PLANNING Corp bought a new position in shares of Carrier Global in the 3rd quarter worth $25,000. YANKCOM Partnership increased 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. Torren Management LLC acquired a new position in Carrier Global during the fourth quarter worth $25,000. Global Wealth Strategies & Associates raised its holdings in Carrier Global by 150.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after buying an additional 300 shares during the last quarter. Finally, True Wealth Design LLC lifted its stake in shares of Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after buying an additional 427 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CARR has been the subject of a number of analyst reports. Wolfe Research lifted their price objective on shares of Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Rothschild & Co Redburn raised their price target on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group lifted their price target on Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Evercore boosted their price objective on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Finally, Wells Fargo & Company increased their price objective on Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.57.

Carrier Global Stock Down 0.4%

Carrier Global stock opened at $65.59 on Wednesday. The firm has a 50 day moving average price of $60.10 and a 200-day moving average price of $58.10. 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 Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The company has a market capitalization of $54.48 billion, a P/E ratio of 43.15, a P/E/G ratio of 2.62 and a beta of 1.38.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. Carrier Global’s revenue for the quarter was up 2.4% on a year-over-year basis. 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 year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, May 4th. Carrier Global’s dividend payout ratio is currently 63.16%.

Carrier Global 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.