Bleakley Financial Group LLC Sells 14,746 Shares of Carrier Global Corporation $CARR

Bleakley Financial Group LLC lessened its stake in Carrier Global Corporation (NYSE:CARR) by 26.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,999 shares of the company’s stock after selling 14,746 shares during the quarter. Bleakley Financial Group LLC’s holdings in Carrier Global were worth $2,114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Becker Capital Management Inc. increased its position in shares of Carrier Global by 5.6% during the third quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock valued at $25,405,000 after acquiring an additional 22,377 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Carrier Global by 6.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock valued at $59,586,000 after purchasing an additional 72,906 shares during the period. Y.D. More Investments Ltd bought a new position in Carrier Global during the fourth quarter valued at $1,556,000. Cardinal Capital Management Inc. grew its holdings in Carrier Global by 11.3% during the fourth quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock valued at $21,675,000 after purchasing an additional 41,647 shares during the period. Finally, Canoe Financial LP grew its holdings in Carrier Global by 607.5% during the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock valued at $63,146,000 after purchasing an additional 1,026,147 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on CARR. The Goldman Sachs Group increased their price objective on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Citigroup increased their price objective on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a report on Friday, May 1st. Evercore increased their target price on Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Barclays increased their target price on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Rothschild & Co Redburn increased their target price on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.78.

Carrier Global Trading Down 0.7%

Carrier Global stock opened at $64.45 on Thursday. The stock has a market cap of $53.53 billion, a P/E ratio of 42.40, a PEG ratio of 2.59 and a beta of 1.38. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The firm’s fifty day moving average price is $61.22 and its 200-day moving average price is $58.55. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. Carrier Global’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts forecast that Carrier Global Corporation will post 2.8 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, May 4th. Carrier Global’s dividend payout ratio is 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.