Cary Street Partners Financial LLC Decreases Position in Carrier Global Corporation $CARR

Cary Street Partners Financial LLC decreased its stake in Carrier Global Corporation (NYSE:CARR) by 86.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,528 shares of the company’s stock after selling 82,084 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Carrier Global were worth $662,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Allstate Corp boosted its stake in shares of Carrier Global by 103.7% in the fourth quarter. Allstate Corp now owns 54,654 shares of the company’s stock valued at $2,888,000 after purchasing an additional 27,823 shares during the period. Choate Investment Advisors boosted its stake in Carrier Global by 16.7% during the 4th quarter. Choate Investment Advisors now owns 16,742 shares of the company’s stock valued at $885,000 after acquiring an additional 2,401 shares during the last quarter. 44 Wealth Management LLC bought a new position in Carrier Global during the 4th quarter valued at $203,000. Clearstead Advisors LLC lifted its holdings in Carrier Global by 13.4% during the 4th quarter. Clearstead Advisors LLC now owns 26,625 shares of the company’s stock worth $1,407,000 after buying an additional 3,152 shares during the last quarter. Finally, Glenview Trust Co lifted its holdings in Carrier Global by 6.2% during the 4th quarter. Glenview Trust Co now owns 27,601 shares of the company’s stock worth $1,458,000 after buying an additional 1,621 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CARR. Robert W. Baird increased their target price on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Wolfe Research raised their price target on Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Wells Fargo & Company lifted their price objective on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Morgan Stanley boosted their price target on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Weiss Ratings raised Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.04.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $63.92 on Friday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The business’s 50-day simple moving average is $61.48 and its 200-day simple moving average is $58.64. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The firm has a market cap of $53.09 billion, a price-to-earnings ratio of 42.05, a P/E/G ratio of 2.54 and a beta of 1.38.

Carrier Global (NYSE:CARR) last posted its quarterly 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 net margin of 5.99% and a return on equity of 14.81%. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period last year, the business posted $0.65 EPS. The business’s quarterly revenue 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 research analysts expect that Carrier Global Corporation will post 2.8 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were 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 was Monday, May 4th. Carrier Global’s dividend payout ratio is presently 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.