Great Lakes Advisors LLC Sells 13,541 Shares of Carrier Global Corporation $CARR

Great Lakes Advisors LLC lowered its stake in Carrier Global Corporation (NYSE:CARR) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 664,956 shares of the company’s stock after selling 13,541 shares during the quarter. Great Lakes Advisors LLC owned 0.08% of Carrier Global worth $35,136,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Becker Capital Management Inc. increased its stake in shares of Carrier Global by 5.6% during the third quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock valued at $25,405,000 after buying an additional 22,377 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Carrier Global by 6.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock valued at $59,586,000 after buying an additional 72,906 shares during the period. Y.D. More Investments Ltd purchased a new position in shares of Carrier Global during the fourth quarter valued at approximately $1,556,000. Cardinal Capital Management Inc. increased its stake in shares of Carrier Global by 11.3% during the fourth quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock valued at $21,675,000 after buying an additional 41,647 shares during the period. Finally, Canoe Financial LP increased its stake in shares of Carrier Global by 607.5% during the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock valued at $63,146,000 after buying an additional 1,026,147 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of CARR stock opened at $69.78 on Friday. The stock has a market cap of $57.96 billion, a price-to-earnings ratio of 45.91, a PEG ratio of 2.73 and a beta of 1.34. The business’s fifty day moving average is $63.44 and its 200 day moving average is $59.56. Carrier Global Corporation has a twelve month low of $50.24 and a twelve 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.

Carrier Global (NYSE:CARR) last issued 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 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 firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 earnings per share. 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 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business 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. 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 63.16%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CARR shares. BNP Paribas Exane started coverage on Carrier Global in a research note on Tuesday, April 14th. They set a “neutral” rating and a $62.00 target price on the stock. Morgan Stanley boosted their target price on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Royal Bank Of Canada upped their price target on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, Evercore upped their price target on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.09.

About Carrier Global

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.