Notis McConarty Edward Decreases Stock Position in Carrier Global Corporation $CARR

Notis McConarty Edward lessened its position in Carrier Global Corporation (NYSE:CARR) by 19.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 44,750 shares of the company’s stock after selling 10,740 shares during the quarter. Notis McConarty Edward’s holdings in Carrier Global were worth $2,365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. KERR FINANCIAL PLANNING Corp purchased a new position in Carrier Global during the third quarter worth approximately $25,000. YANKCOM Partnership lifted its position in Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after buying an additional 208 shares in the last quarter. Torren Management LLC purchased a new position in Carrier Global during the fourth quarter worth approximately $25,000. Global Wealth Strategies & Associates lifted its position 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 in the last quarter. Finally, True Wealth Design LLC lifted its position in Carrier Global by 723.7% during the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after buying an additional 427 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

CARR stock opened at $71.21 on Wednesday. The business has a fifty day moving average of $64.32 and a two-hundred day moving average of $59.93. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. The stock has a market cap of $59.15 billion, a price-to-earnings ratio of 46.85, a price-to-earnings-growth ratio of 2.85 and a beta of 1.34. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09.

Carrier Global (NYSE:CARR) last posted 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. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, research analysts anticipate that Carrier Global Corporation will post 2.78 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.3%. Carrier Global’s dividend payout ratio (DPR) is 63.16%.

Analysts Set New Price Targets

A number of equities analysts recently commented on CARR shares. Royal Bank Of Canada lifted their price objective on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. The Goldman Sachs Group lifted their price objective on Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Morgan Stanley lifted their price objective on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Robert W. Baird lifted their price objective on Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Finally, Argus lifted their price objective on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Twelve investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.09.

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.