Great Lakes Advisors LLC Sells 13,541 Shares of Carrier Global Corporation $CARR

Great Lakes Advisors LLC trimmed its stake in Carrier Global Corporation (NYSE:CARR) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 664,956 shares of the company’s stock after selling 13,541 shares during the quarter. Great Lakes Advisors LLC’s holdings in Carrier Global were worth $35,136,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CARR. Norges Bank bought a new stake in Carrier Global in the fourth quarter worth $380,299,000. Capital International Investors boosted its holdings in Carrier Global by 6.7% in the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after acquiring an additional 3,630,524 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Carrier Global by 506.1% in the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock worth $249,977,000 after acquiring an additional 3,496,372 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Carrier Global by 461.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after acquiring an additional 2,022,136 shares in the last quarter. Finally, PineStone Asset Management Inc. boosted its holdings in Carrier Global by 34.6% in the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock worth $377,987,000 after acquiring an additional 1,837,985 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Trading Up 2.7%

Shares of NYSE:CARR opened at $69.78 on Friday. The company has a market cap of $57.96 billion, a P/E ratio of 45.91, a PEG ratio of 2.73 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The stock’s fifty day moving average price is $63.44 and its 200-day moving average price is $59.56.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating 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 company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the company earned $0.65 earnings per share. Carrier Global’s revenue 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 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently announced 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 of this dividend is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. Carrier Global’s dividend payout ratio is currently 63.16%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CARR. Barclays upped their price target on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Rothschild & Co Redburn upped 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. Evercore upped their price target on Carrier Global from $75.00 to $85.00 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 report on Thursday, May 14th. Finally, Weiss Ratings raised Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Twelve equities research analysts have rated the stock with a Buy rating and eleven have given 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 price target of $74.09.

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.