Natixis Advisors LLC Sells 63,169 Shares of Carrier Global Corporation $CARR

Natixis Advisors LLC lessened its position in Carrier Global Corporation (NYSE:CARR) by 26.7% during the fourth quarter, Holdings Channel reports. The fund owned 173,739 shares of the company’s stock after selling 63,169 shares during the period. Natixis Advisors LLC’s holdings in Carrier Global were worth $9,180,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. AXQ Capital LP bought a new position in shares of Carrier Global during the fourth quarter valued at about $2,117,000. Root Financial Partners LLC lifted its holdings in Carrier Global by 46.5% in the fourth quarter. Root Financial Partners LLC now owns 1,782 shares of the company’s stock worth $94,000 after buying an additional 566 shares during the period. Tandem Financial LLC lifted its holdings in Carrier Global by 17.3% in the fourth quarter. Tandem Financial LLC now owns 12,253 shares of the company’s stock worth $647,000 after buying an additional 1,811 shares during the period. Sage Investment Advisers LLC purchased a new stake in Carrier Global in the fourth quarter worth about $544,000. Finally, New Mexico Educational Retirement Board lifted its holdings in Carrier Global by 1.4% in the fourth quarter. New Mexico Educational Retirement Board now owns 36,517 shares of the company’s stock worth $1,930,000 after buying an additional 500 shares during the period. 91.00% of the stock is owned by institutional investors.

Carrier Global Trading Up 0.0%

Shares of CARR stock opened at $67.18 on Monday. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The stock’s 50-day moving average price is $62.30 and its 200-day moving average price is $59.07. The stock has a market capitalization of $55.79 billion, a price-to-earnings ratio of 44.19, a price-to-earnings-growth ratio of 2.69 and a beta of 1.34.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The business’s revenue 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. Equities research analysts predict that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be issued a $0.24 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. Carrier Global’s payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CARR shares. Wolfe Research raised their target price on shares of Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Morgan Stanley lifted their target price on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Mizuho lifted their price target on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.04.

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.