Axxcess Wealth Management LLC Sells 77,277 Shares of Carrier Global Corporation $CARR

Axxcess Wealth Management LLC lessened its position in Carrier Global Corporation (NYSE:CARR) by 91.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,179 shares of the company’s stock after selling 77,277 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Carrier Global were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp purchased a new position in Carrier Global in the 3rd quarter worth $25,000. YANKCOM Partnership raised its position in Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the period. Torren Management LLC purchased a new position in Carrier Global in the 4th quarter worth $25,000. Global Wealth Strategies & Associates raised its position in Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 300 shares during the period. Finally, True Wealth Design LLC raised its position in Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after purchasing an additional 427 shares during the period. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays lifted their target price on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Evercore lifted their target price on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. CICC Research decreased their target price on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.78.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $64.45 on Thursday. The firm has a market cap of $53.53 billion, a PE ratio of 42.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $61.22 and its two-hundred day simple moving average is $58.55.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts expect that Carrier Global Corporation will post 2.8 EPS for the current year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s payout ratio is presently 63.16%.

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.