Delaney Dennis R Lowers Position in Carrier Global Corporation $CARR

Delaney Dennis R trimmed its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 74.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,050 shares of the company’s stock after selling 41,955 shares during the period. Delaney Dennis R’s holdings in Carrier Global were worth $742,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Aster Capital Management DIFC Ltd purchased a new position in shares of Carrier Global during the fourth quarter valued at approximately $203,000. Rakuten Investment Management Inc. lifted its holdings in shares of Carrier Global by 6,281.1% during the fourth quarter. Rakuten Investment Management Inc. now owns 103,054 shares of the company’s stock valued at $5,525,000 after purchasing an additional 101,439 shares during the last quarter. L2 Asset Management LLC lifted its holdings in shares of Carrier Global by 5.9% during the fourth quarter. L2 Asset Management LLC now owns 3,979 shares of the company’s stock valued at $210,000 after purchasing an additional 221 shares during the last quarter. USS Investment Management Ltd lifted its holdings in shares of Carrier Global by 1.3% during the fourth quarter. USS Investment Management Ltd now owns 68,053 shares of the company’s stock valued at $3,596,000 after purchasing an additional 846 shares during the last quarter. Finally, Venture Visionary Partners LLC lifted its holdings in shares of Carrier Global by 0.5% during the fourth quarter. Venture Visionary Partners LLC now owns 44,756 shares of the company’s stock valued at $2,385,000 after purchasing an additional 239 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Trading Up 0.1%

Shares of NYSE:CARR opened at $71.21 on Wednesday. The stock’s 50-day simple moving average is $64.32 and its two-hundred day simple moving average is $59.93. The stock has a market capitalization of $59.15 billion, a price-to-earnings ratio of 46.85, a PEG ratio of 2.85 and a beta of 1.34. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts expect that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a $0.24 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.3%. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Argus raised their price target on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Rothschild & Co Redburn raised their price target on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Robert W. Baird raised their price target on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Wells Fargo & Company raised their price target on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Twelve research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.