Cary Street Partners Financial LLC Sells 82,084 Shares of Carrier Global Corporation $CARR

Cary Street Partners Financial LLC trimmed its position in shares of Carrier Global Corporation (NYSE:CARR) by 86.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. KERR FINANCIAL PLANNING Corp bought a new position in shares of Carrier Global during the 3rd quarter valued at $25,000. YANKCOM Partnership lifted its position in shares of Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after buying an additional 208 shares in the last quarter. Torren Management LLC bought a new stake in Carrier Global during the fourth quarter worth approximately $25,000. Global Wealth Strategies & Associates increased its position in Carrier Global by 150.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 300 shares during the last quarter. Finally, True Wealth Design LLC grew its stake in shares of Carrier Global by 723.7% during the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after buying an additional 427 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR opened at $63.92 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $61.48 and a two-hundred day moving average price of $58.64. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The company has a market capitalization of $53.09 billion, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 2.54 and a beta of 1.38.

Carrier Global (NYSE:CARR) last released its quarterly 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 company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.Carrier Global’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, research analysts expect that Carrier Global Corporation will post 2.8 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were issued a dividend of $0.24 per share. The ex-dividend date 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 63.16%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CARR shares. Barclays increased their target price on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. BNP Paribas Exane started coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective for the company. Citigroup increased their target price on shares of Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, May 1st. CICC Research lowered their price objective on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Finally, Wolfe Research raised their price objective on shares of Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $74.04.

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.