SG Americas Securities LLC Has $6.42 Million Stock Holdings in Carrier Global Corporation $CARR

SG Americas Securities LLC trimmed its holdings in Carrier Global Corporation (NYSE:CARR) by 84.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,043 shares of the company’s stock after selling 599,647 shares during the quarter. SG Americas Securities LLC’s holdings in Carrier Global were worth $6,422,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp bought a new stake in Carrier Global during the 3rd quarter worth about $25,000. YANKCOM Partnership grew its holdings in Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after acquiring an additional 208 shares during the period. Torren Management LLC acquired a new stake in Carrier Global during the 4th quarter worth $25,000. Global Wealth Strategies & Associates raised its position in shares of Carrier Global by 150.0% during the 4th 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. Finally, True Wealth Design LLC raised its position in shares of Carrier Global by 723.7% during the 4th 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. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Down 0.0%

NYSE CARR opened at $73.56 on Monday. The company has a market cap of $61.09 billion, a PE ratio of 48.39, a PEG ratio of 2.95 and a beta of 1.34. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The stock has a 50 day moving average of $66.28 and a 200-day moving average of $60.96.

Carrier Global (NYSE:CARR) last issued 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. The business 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 firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities research analysts anticipate that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Announces Dividend

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

Analyst Ratings Changes

CARR has been the topic of a number of recent analyst reports. Barclays raised 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. JPMorgan Chase & Co. upped their price target on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Robert W. Baird increased their price target on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Rothschild & Co Redburn lifted their price objective on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group boosted their price objective on shares of Carrier Global from $74.00 to $80.00 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, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.