Dempze Nancy E Sells 37,283 Shares of Carrier Global Corporation $CARR

Dempze Nancy E decreased its position in Carrier Global Corporation (NYSE:CARR) by 70.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,358 shares of the company’s stock after selling 37,283 shares during the quarter. Dempze Nancy E’s holdings in Carrier Global were worth $812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Capital International Investors boosted its holdings in shares of Carrier Global by 6.7% in the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after purchasing an additional 3,630,524 shares during the period. State Street Corp boosted its holdings in shares of Carrier Global by 1.1% in the 4th quarter. State Street Corp now owns 33,728,829 shares of the company’s stock worth $1,782,231,000 after purchasing an additional 351,490 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Carrier Global by 0.6% in the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after purchasing an additional 90,585 shares during the period. Dodge & Cox boosted its holdings in shares of Carrier Global by 5.1% in the 3rd quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock worth $801,634,000 after purchasing an additional 651,648 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Carrier Global by 1.8% in the 4th quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock worth $621,264,000 after purchasing an additional 210,952 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

CARR opened at $71.21 on Wednesday. The business has a fifty day moving average of $64.32 and a 200 day moving average of $59.93. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week 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. The stock has a market cap of $59.15 billion, a P/E ratio of 46.85, a PEG ratio of 2.85 and a beta of 1.34.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the previous year, the business earned $0.65 EPS. Carrier Global’s revenue was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, sell-side analysts anticipate that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors 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 dividend on an annualized basis and a yield of 1.3%. Carrier Global’s payout ratio is presently 63.16%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CARR. The Goldman Sachs Group lifted their target price on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Morgan Stanley lifted their target price on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Argus lifted their target price on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Evercore lifted their target price on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Finally, Robert W. Baird lifted their target price on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.