Rockefeller Capital Management L.P. Lowers Holdings in Carrier Global Corporation $CARR

Rockefeller Capital Management L.P. reduced its stake in shares of Carrier Global Corporation (NYSE:CARR) by 22.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 609,288 shares of the company’s stock after selling 173,747 shares during the period. Rockefeller Capital Management L.P.’s holdings in Carrier Global were worth $32,195,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CARR. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Carrier Global in the 3rd quarter valued at about $25,000. YANKCOM Partnership grew its holdings in Carrier Global by 78.5% during the fourth 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 position in Carrier Global during the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates raised its position in Carrier Global by 150.0% during 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 in the last quarter. 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.

Carrier Global Stock Up 0.2%

Shares of CARR opened at $71.92 on Monday. 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’s 50 day moving average is $65.20 and its two-hundred day moving average is $60.28. The firm has a market cap of $59.74 billion, a P/E ratio of 47.32, a PEG ratio of 2.88 and a beta of 1.34.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS 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 business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The business’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. Analysts predict that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business 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 $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s payout ratio is presently 63.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CARR shares. Rothschild & Co Redburn upped their price objective on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Evercore lifted their target price on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Sanford C. Bernstein assumed coverage on shares of Carrier Global in a report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 price target on the stock. Barclays increased their price target on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Robert W. Baird lifted their price objective on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Twelve 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.09.

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.