Tower View Wealth Management LLC Lowers Holdings in Carrier Global Corporation $CARR

Tower View Wealth Management LLC lowered its holdings in Carrier Global Corporation (NYSE:CARR) by 74.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,520 shares of the company’s stock after selling 33,209 shares during the period. Tower View Wealth Management LLC’s holdings in Carrier Global were worth $649,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CARR. Brighton Jones LLC lifted its holdings in Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after buying an additional 1,850 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after acquiring an additional 23,200 shares in the last quarter. United Bank increased its position in shares of Carrier Global by 41.2% during the second quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after acquiring an additional 4,956 shares during the period. Schnieders Capital Management LLC. raised its stake in shares of Carrier Global by 33.7% in the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after acquiring an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Carrier Global by 6.0% in the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after acquiring an additional 561 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Trading Up 2.7%

CARR opened at $76.07 on Friday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The company has a market cap of $63.18 billion, a P/E ratio of 50.05, a PEG ratio of 2.97 and a beta of 1.34. 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 business’s 50-day simple moving average is $65.98 and its 200-day simple moving average is $60.81.

Carrier Global (NYSE:CARR) last posted its earnings results 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 firm 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 revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous 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 expect that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s payout ratio is currently 63.16%.

Analyst Upgrades and Downgrades

CARR has been the topic of several recent research reports. Weiss Ratings upgraded Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Barclays boosted their price objective on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Rothschild & Co Redburn raised their target price on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Citigroup lifted their price target on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, BNP Paribas Exane initiated coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective on the stock. Twelve analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.09.

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.