Artisan Partners Limited Partnership Sells 757,902 Shares of Carrier Global Corporation $CARR

Artisan Partners Limited Partnership reduced its stake in shares of Carrier Global Corporation (NYSE:CARR) by 14.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,394,738 shares of the company’s stock after selling 757,902 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Carrier Global were worth $232,218,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. KERR FINANCIAL PLANNING Corp bought a new position in Carrier Global in the third quarter valued at approximately $25,000. Torren Management LLC bought a new position in Carrier Global in the fourth quarter valued at approximately $25,000. YANKCOM Partnership boosted its stake in Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after acquiring an additional 208 shares during the last quarter. True Wealth Design LLC boosted its stake in Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after acquiring an additional 427 shares during the last quarter. Finally, Global Wealth Strategies & Associates boosted its stake in Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 300 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Barclays raised their price objective on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Royal Bank Of Canada raised their price objective on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. BNP Paribas Exane assumed coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective on the stock. Evercore raised their price objective on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Finally, Mizuho increased their target price on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and an average target price of $74.09.

Carrier Global Trading Up 0.1%

CARR opened at $71.21 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The firm’s fifty day moving average is $64.32 and its two-hundred day moving average is $59.93. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The firm 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.

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

Carrier Global Announces Dividend

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