NewEdge Advisors LLC Sells 12,803 Shares of Carrier Global Corporation $CARR

NewEdge Advisors LLC cut its stake in Carrier Global Corporation (NYSE:CARR) by 18.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,520 shares of the company’s stock after selling 12,803 shares during the quarter. NewEdge Advisors LLC’s holdings in Carrier Global were worth $3,239,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CARR. Brighton Jones LLC raised its holdings in Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Carrier Global by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after buying an additional 23,200 shares in the last quarter. United Bank grew its position in shares of Carrier Global by 41.2% in the 2nd quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after buying an additional 4,956 shares during the last quarter. Schnieders Capital Management LLC. grew its position in shares of Carrier Global by 33.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after buying an additional 4,277 shares during the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Carrier Global by 6.0% during the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock worth $725,000 after acquiring an additional 561 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Trading Down 0.8%

Shares of NYSE:CARR opened at $63.09 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $76.76. The stock has a market cap of $52.01 billion, a price-to-earnings ratio of 43.81, a PEG ratio of 2.46 and a beta of 1.31. The business has a 50-day moving average price of $68.37 and a 200-day moving average price of $63.98.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Carrier Global’s revenue for the quarter was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts predict that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global’s dividend payout ratio is 66.67%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CARR shares. The Goldman Sachs Group increased their target price on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. Wolfe Research reiterated an “outperform” rating and set a $80.00 price objective on shares of Carrier Global in a report on Thursday, July 9th. Citigroup raised their price objective on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, Robert W. Baird boosted their target price on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $73.67.

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.