Bank of New York Mellon Corp cut its holdings in shares of Carrier Global Corporation (NYSE:CARR – Free Report) by 1.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,827,965 shares of the company’s stock after selling 76,183 shares during the quarter. Bank of New York Mellon Corp’s holdings in Carrier Global were worth $271,863,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently modified their holdings of the business. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Carrier Global during the third quarter valued at about $25,000. YANKCOM Partnership increased 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 purchased a new stake in Carrier Global in the 4th quarter worth approximately $25,000. True Wealth Design LLC lifted its stake in Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after purchasing an additional 427 shares in the last quarter. Finally, Global Wealth Strategies & Associates boosted its holdings in Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Morgan Stanley boosted their target price on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Mizuho increased their price target on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Wells Fargo & Company raised their price objective on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Rothschild & Co Redburn upped their target price on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Argus increased their target price on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.51.
Carrier Global Trading Down 0.9%
NYSE:CARR opened at $68.71 on Friday. The firm has a market capitalization of $57.07 billion, a P/E ratio of 45.20, a P/E/G ratio of 2.78 and a beta of 1.31. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average of $68.27 and a 200 day moving average of $62.64. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09.
Carrier Global (NYSE:CARR – Get Free Report) 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. On average, research analysts predict that Carrier Global Corporation will post 2.79 earnings per share for the current year.
Carrier Global Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. Carrier Global’s dividend payout ratio is currently 63.16%.
Carrier Global 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.
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