Capital Group Private Client Services Inc. Sells 82,063 Shares of Carrier Global Corporation $CARR

Capital Group Private Client Services Inc. lowered its stake in shares of Carrier Global Corporation (NYSE:CARR) by 50.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 81,535 shares of the company’s stock after selling 82,063 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Carrier Global were worth $4,308,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Alpha LLC raised its stake in Carrier Global by 2.9% during the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after acquiring an additional 171 shares in the last quarter. Advisor OS LLC boosted its holdings in shares of Carrier Global by 0.8% during the 4th quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after acquiring an additional 178 shares in the last quarter. Ironwood Investment Counsel LLC raised its position in Carrier Global by 4.6% in the third quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock valued at $244,000 after purchasing an additional 181 shares during the last quarter. Rossmore Private Capital boosted its stake in shares of Carrier Global by 1.5% during the fourth quarter. Rossmore Private Capital now owns 12,944 shares of the company’s stock valued at $684,000 after purchasing an additional 187 shares in the last quarter. Finally, Code Waechter LLC boosted its stake in shares of Carrier Global by 5.0% during the fourth quarter. Code Waechter LLC now owns 3,983 shares of the company’s stock valued at $210,000 after purchasing an additional 189 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.0%

NYSE CARR opened at $67.18 on Monday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The business has a 50 day simple moving average of $62.30 and a 200 day simple moving average of $59.07. The stock has a market capitalization of $55.79 billion, a P/E ratio of 44.19, a P/E/G ratio of 2.69 and a beta of 1.34.

Carrier Global (NYSE:CARR) last posted 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 firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Research analysts expect that Carrier Global Corporation will post 2.78 earnings per share for the current year.

Carrier Global Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Evercore raised their price objective on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. BNP Paribas Exane started coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target for the company. CICC Research cut their price target on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Robert W. Baird boosted their price objective on shares of Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. lifted their target price on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.04.

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.