Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 22,498 Shares of Carrier Global Corporation $CARR

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lowered its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 39.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,940 shares of the company’s stock after selling 22,498 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Carrier Global were worth $2,086,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Carrier Global by 23.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock worth $2,820,485,000 after purchasing an additional 7,409,432 shares in the last quarter. Norges Bank purchased a new position in Carrier Global during the second quarter valued at $524,939,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Carrier Global by 1,742.8% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,623,000 shares of the company’s stock worth $265,167,000 after acquiring an additional 3,426,395 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in Carrier Global by 63.6% in the second quarter. Artisan Partners Limited Partnership now owns 4,952,738 shares of the company’s stock worth $362,491,000 after acquiring an additional 1,924,804 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Carrier Global by 29.2% in the third quarter. Bank of New York Mellon Corp now owns 6,740,099 shares of the company’s stock worth $402,384,000 after acquiring an additional 1,525,266 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CARR shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carrier Global in a research report on Monday, December 29th. Rothschild & Co Redburn reduced their price objective on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, January 21st. Wells Fargo & Company upped their target price on shares of Carrier Global from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Morgan Stanley set a $55.00 price target on shares of Carrier Global in a report on Thursday, January 8th. Finally, The Goldman Sachs Group raised their price target on shares of Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.60.

Carrier Global Stock Up 2.0%

CARR stock opened at $64.18 on Monday. The company has a market cap of $53.65 billion, a price-to-earnings ratio of 37.53, a P/E/G ratio of 2.58 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. The business’s 50-day moving average is $57.73 and its two-hundred day moving average is $58.74. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same period in the previous year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global announced that its board has approved a stock repurchase program on Tuesday, October 28th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 10.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Tuesday, January 20th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.5%. This is a positive change from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, January 20th. Carrier Global’s dividend payout ratio (DPR) is presently 56.14%.

Carrier Global Company 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.