HighTower Advisors LLC Reduces Position in Carrier Global Corporation $CARR

HighTower Advisors LLC lessened its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 852,609 shares of the company’s stock after selling 178,914 shares during the period. HighTower Advisors LLC owned 0.10% of Carrier Global worth $45,052,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Capital International Investors lifted its position in Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after buying an additional 3,630,524 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Carrier Global by 506.1% during the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock worth $249,977,000 after buying an additional 3,496,372 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Carrier Global by 461.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after buying an additional 2,022,136 shares during the last quarter. PineStone Asset Management Inc. boosted its stake in Carrier Global by 34.6% during the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock worth $377,987,000 after buying an additional 1,837,985 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Carrier Global by 29.2% during the third quarter. Bank of New York Mellon Corp now owns 6,740,099 shares of the company’s stock worth $402,384,000 after buying an additional 1,525,266 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Robert W. Baird boosted their price objective on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Evercore raised their price objective on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Argus raised their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, BNP Paribas Exane started coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective for the company. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and a consensus price target of $73.78.

Carrier Global Price Performance

Carrier Global stock opened at $62.23 on Friday. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The stock has a market cap of $51.68 billion, a P/E ratio of 40.94, a PEG ratio of 2.53 and a beta of 1.38. The company has a 50-day moving average price of $60.64 and a 200 day moving average price of $58.37. 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 (NYSE:CARR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same period last year, the business earned $0.65 earnings per share. Carrier Global’s revenue was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Sell-side analysts anticipate that Carrier Global Corporation will post 2.8 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be given a dividend of $0.24 per share. The ex-dividend date is 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 currently 63.16%.

Carrier Global Company 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.