Elefante Mark B Sells 10,330 Shares of Carrier Global Corporation $CARR

Elefante Mark B decreased its stake in shares of Carrier Global Corporation (NYSE:CARR) by 20.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,680 shares of the company’s stock after selling 10,330 shares during the period. Carrier Global makes up about 1.3% of Elefante Mark B’s investment portfolio, making the stock its 28th largest holding. Elefante Mark B’s holdings in Carrier Global were worth $2,150,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Becker Capital Management Inc. increased its position 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 worth $25,405,000 after acquiring an additional 22,377 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Carrier Global by 6.9% in 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 purchasing an additional 72,906 shares in the last quarter. Y.D. More Investments Ltd bought a new position in Carrier Global in the fourth quarter valued at $1,556,000. Cardinal Capital Management Inc. grew its position in Carrier Global by 11.3% in the fourth quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock valued at $21,675,000 after purchasing an additional 41,647 shares in the last quarter. Finally, Canoe Financial LP grew its position in Carrier Global by 607.5% in the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock valued at $63,146,000 after purchasing an additional 1,026,147 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CARR shares. Citigroup raised their target price on shares of Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Weiss Ratings raised Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Barclays upped their target price on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wolfe Research upped their target price on Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Finally, Robert W. Baird upped 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $74.09.

Carrier Global Stock Performance

Shares of CARR opened at $71.21 on Wednesday. The firm has a 50-day moving average of $64.32 and a 200-day moving average of $59.93. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The company has a market cap of $59.15 billion, a PE ratio of 46.85, a price-to-earnings-growth ratio of 2.85 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75.

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

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is 63.16%.

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.