Bank of New York Mellon Corp Sells 1,835,951 Shares of Carrier Global Corporation $CARR

Bank of New York Mellon Corp lessened its holdings in Carrier Global Corporation (NYSE:CARR) by 27.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,904,148 shares of the company’s stock after selling 1,835,951 shares during the quarter. Bank of New York Mellon Corp owned 0.59% of Carrier Global worth $259,135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Carrier Global in the 3rd quarter valued at $25,000. Torren Management LLC acquired a new stake in shares of Carrier Global in the 4th quarter valued at $25,000. YANKCOM Partnership boosted its stake in shares of Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after purchasing an additional 427 shares in the last quarter. Finally, Global Wealth Strategies & Associates boosted its stake in shares of Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CARR shares. Citigroup boosted their target price on shares of Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Evercore boosted their target price on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Royal Bank Of Canada boosted their target price on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. The Goldman Sachs Group boosted their target price on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $74.04.

Carrier Global Stock Up 1.5%

Shares of NYSE CARR opened at $68.59 on Friday. The firm’s 50-day simple moving average is $62.15 and its 200 day simple moving average is $58.97. The company has a market cap of $56.97 billion, a price-to-earnings ratio of 45.12, a price-to-earnings-growth ratio of 2.71 and a beta of 1.34. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts expect that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s payout ratio is currently 63.16%.

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.