United Bank Decreases Holdings in Carrier Global Corporation $CARR

United Bank decreased its position in shares of Carrier Global Corporation (NYSE:CARR) by 75.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,118 shares of the company’s stock after selling 15,878 shares during the period. United Bank’s holdings in Carrier Global were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Abacus Wealth Partners LLC increased its stake in Carrier Global by 196.5% during the 4th quarter. Abacus Wealth Partners LLC now owns 10,481 shares of the company’s stock valued at $554,000 after purchasing an additional 6,946 shares in the last quarter. iA Global Asset Management Inc. increased its stake in Carrier Global by 19.8% during the 4th quarter. iA Global Asset Management Inc. now owns 635,998 shares of the company’s stock valued at $33,606,000 after purchasing an additional 105,000 shares in the last quarter. May Hill Capital LLC acquired a new position in Carrier Global during the 4th quarter valued at approximately $223,000. Beese Fulmer Investment Management Inc. increased its stake in Carrier Global by 11.0% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 22,084 shares of the company’s stock valued at $1,167,000 after purchasing an additional 2,190 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan increased its stake in Carrier Global by 32.2% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 17,464 shares of the company’s stock valued at $923,000 after purchasing an additional 4,250 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the topic of a number of recent analyst reports. Argus upped their price target on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Rothschild & Co Redburn upped their price target on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada upped their price target on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Citigroup upped their price target on shares of Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Evercore upped their price target on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.78.

Carrier Global Stock Down 3.1%

NYSE:CARR opened at $64.68 on Friday. The firm has a market capitalization of $53.72 billion, a P/E ratio of 42.55, a PEG ratio of 2.58 and a beta of 1.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The company’s fifty day moving average price is $60.31 and its 200-day moving average price is $58.27. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. The company 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 firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts anticipate that Carrier Global Corporation will post 2.8 EPS for the current year.

Carrier Global Announces Dividend

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

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.