Connecticut Wealth Management LLC Sells 12,255 Shares of Carrier Global Corporation $CARR

Connecticut Wealth Management LLC trimmed its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,105 shares of the company’s stock after selling 12,255 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Carrier Global were worth $5,924,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CARR. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Carrier Global during the third quarter worth $25,000. YANKCOM Partnership lifted its position in shares of Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the last quarter. Torren Management LLC bought a new stake in shares of Carrier Global during the fourth quarter worth $25,000. Global Wealth Strategies & Associates lifted its position in shares of Carrier Global by 150.0% during the fourth 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 last quarter. Finally, True Wealth Design LLC lifted its position 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 worth $26,000 after purchasing an additional 427 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Mizuho lifted their target price on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. 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 research report on Thursday, May 14th. Evercore lifted their price objective on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Sanford C. Bernstein started coverage on Carrier Global in a report on Tuesday. They issued a “market perform” rating and a $75.00 price objective for the company. Finally, Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Twelve investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $74.09.

Carrier Global Stock Performance

CARR stock opened at $69.78 on Friday. 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 moving average price of $63.44 and a 200 day moving average price of $59.56. The company has a market capitalization of $57.96 billion, a P/E ratio of 45.91, a PEG ratio of 2.73 and a beta of 1.34. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. The firm 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%.The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts forecast that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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