Carrier Global Corporation $CARR Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its holdings in Carrier Global Corporation (NYSE:CARR) by 22.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 609,288 shares of the company’s stock after selling 173,747 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.07% of Carrier Global worth $32,195,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Aigen Investment Management LP increased its position in Carrier Global by 0.3% during the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after buying an additional 166 shares in the last quarter. Advisory Alpha LLC boosted its holdings in Carrier Global by 2.9% in 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 Carrier Global by 0.8% in the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after acquiring an additional 178 shares in the last quarter. Wescott Financial Advisory Group LLC grew its stake in shares of Carrier Global by 4.7% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 4,163 shares of the company’s stock worth $220,000 after acquiring an additional 186 shares during the last quarter. Finally, Rossmore Private Capital grew 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 worth $684,000 after acquiring an additional 187 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Up 0.2%

Shares of NYSE:CARR opened at $71.92 on Monday. 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 Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The stock has a market cap of $59.74 billion, a price-to-earnings ratio of 47.32, a PEG ratio of 2.88 and a beta of 1.34. The business has a 50-day moving average price of $65.20 and a 200-day moving average price of $60.28.

Carrier Global (NYSE:CARR) last issued its earnings results 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 return on equity of 14.81% and a net margin of 5.99%.The firm had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Carrier Global’s revenue for the quarter was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts predict 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. Stockholders of record on Tuesday, July 21st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio is 63.16%.

Analysts Set New Price Targets

Several brokerages recently commented on CARR. Sanford C. Bernstein assumed coverage on shares of Carrier Global in a research report on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 price objective for the company. BNP Paribas Exane assumed coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 target price on the stock. The Goldman Sachs Group upped their price target on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Evercore raised their price target on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Finally, Citigroup lifted their price objective on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Carrier Global has an average rating of “Moderate Buy” and a consensus target price of $74.09.

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.