Hartline Investment Corp lowered its position in Carrier Global Corporation (NYSE:CARR – Free Report) by 47.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,299 shares of the company’s stock after selling 12,759 shares during the period. Hartline Investment Corp’s holdings in Carrier Global were worth $756,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp purchased a new stake in Carrier Global in the third quarter valued at approximately $25,000. YANKCOM Partnership lifted its holdings 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 period. Torren Management LLC acquired a new position in Carrier Global in the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates lifted its holdings 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 period. Finally, True Wealth Design LLC lifted its holdings 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 period. Hedge funds and other institutional investors own 91.00% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Rothschild & Co Redburn boosted their price target on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. BNP Paribas Exane assumed coverage on Carrier Global in a report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price target for the company. Evercore upped their target price on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Citigroup upped their target price on Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. upped their target price on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.78.
Carrier Global Stock Up 1.6%
Shares of CARR opened at $63.19 on Friday. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The company has a market capitalization of $52.49 billion, a PE ratio of 41.57, a price-to-earnings-growth ratio of 2.51 and a beta of 1.38. The stock has a fifty day simple moving average of $60.72 and a two-hundred day simple moving average of $58.40. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76.
Carrier Global (NYSE:CARR – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period last year, the company earned $0.65 EPS. The company’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. As a group, equities analysts forecast that Carrier Global Corporation will post 2.8 EPS for the current year.
Carrier Global Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 4th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is 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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