Bleakley Financial Group LLC Has $2.11 Million Stock Holdings in Carrier Global Corporation $CARR

Bleakley Financial Group LLC trimmed its position in Carrier Global Corporation (NYSE:CARR) by 26.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 39,999 shares of the company’s stock after selling 14,746 shares during the period. Bleakley Financial Group LLC’s holdings in Carrier Global were worth $2,114,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Allstate Corp grew its position in Carrier Global by 103.7% during the 4th quarter. Allstate Corp now owns 54,654 shares of the company’s stock worth $2,888,000 after acquiring an additional 27,823 shares during the last quarter. Choate Investment Advisors grew its position in Carrier Global by 16.7% during the 4th quarter. Choate Investment Advisors now owns 16,742 shares of the company’s stock worth $885,000 after acquiring an additional 2,401 shares during the last quarter. 44 Wealth Management LLC bought a new stake in Carrier Global during the 4th quarter worth $203,000. Clearstead Advisors LLC increased its holdings in Carrier Global by 13.4% in the fourth quarter. Clearstead Advisors LLC now owns 26,625 shares of the company’s stock valued at $1,407,000 after purchasing an additional 3,152 shares during the period. Finally, Glenview Trust Co increased its holdings in Carrier Global by 6.2% in the fourth quarter. Glenview Trust Co now owns 27,601 shares of the company’s stock valued at $1,458,000 after purchasing an additional 1,621 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 0.7%

Shares of Carrier Global stock opened at $64.45 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The stock has a 50 day moving average price of $61.22 and a two-hundred day moving average price of $58.55. The stock has a market capitalization of $53.53 billion, a PE ratio of 42.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38.

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 return on equity of 14.81% and a net margin of 5.99%.The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter last year, the firm posted $0.65 earnings per share. The company’s revenue for the quarter 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, equities analysts anticipate that Carrier Global Corporation will post 2.8 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, May 4th. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CARR shares. BNP Paribas Exane started coverage on Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective for the company. Evercore upped their price target on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Mizuho lifted their target price on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Wells Fargo & Company lifted their target price on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Finally, Royal Bank Of Canada lifted their target price on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.78.

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.