Delaney Dennis R Sells 41,955 Shares of Carrier Global Corporation $CARR

Delaney Dennis R lowered its position in Carrier Global Corporation (NYSE:CARR) by 74.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,050 shares of the company’s stock after selling 41,955 shares during the quarter. Delaney Dennis R’s holdings in Carrier Global were worth $742,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new position in Carrier Global in the fourth quarter valued at $203,000. Rakuten Investment Management Inc. increased its stake in Carrier Global by 6,281.1% in the fourth quarter. Rakuten Investment Management Inc. now owns 103,054 shares of the company’s stock valued at $5,525,000 after acquiring an additional 101,439 shares during the last quarter. L2 Asset Management LLC increased its stake in Carrier Global by 5.9% in the fourth quarter. L2 Asset Management LLC now owns 3,979 shares of the company’s stock valued at $210,000 after acquiring an additional 221 shares during the last quarter. USS Investment Management Ltd increased its stake in Carrier Global by 1.3% in the fourth quarter. USS Investment Management Ltd now owns 68,053 shares of the company’s stock valued at $3,596,000 after acquiring an additional 846 shares during the last quarter. Finally, Venture Visionary Partners LLC increased its stake in Carrier Global by 0.5% in the fourth quarter. Venture Visionary Partners LLC now owns 44,756 shares of the company’s stock valued at $2,385,000 after acquiring an additional 239 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Carrier Global stock opened at $71.21 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average of $64.32 and a 200-day moving average of $59.93. The firm has a market cap of $59.15 billion, a P/E ratio of 46.85, a P/E/G ratio of 2.85 and a beta of 1.34. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping 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 analyst estimates of $5.01 billion. During the same period in the prior year, the business posted $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. Sell-side analysts expect that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on CARR shares. Rothschild & Co Redburn increased their target price on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. raised their price objective on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Barclays raised their price objective on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Robert W. Baird raised their price objective on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.