Carrier Global Corporation $CARR Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 27.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,535 shares of the company’s stock after selling 28,786 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Carrier Global were worth $4,310,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Carrier Global in the third quarter valued at approximately $25,000. YANKCOM Partnership lifted its holdings in Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after buying an additional 208 shares in the last quarter. Torren Management LLC acquired a new position in shares of Carrier Global in the fourth quarter worth $25,000. Global Wealth Strategies & Associates grew its stake in shares of Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after acquiring an additional 300 shares in the last quarter. Finally, True Wealth Design LLC increased its position in shares of Carrier Global by 723.7% during the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after acquiring an additional 427 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Down 0.1%

NYSE CARR opened at $69.97 on Monday. The firm’s fifty day moving average price is $67.36 and its 200 day moving average price is $61.61. The company has a market capitalization of $58.12 billion, a price-to-earnings ratio of 46.03, a price-to-earnings-growth ratio of 2.81 and a beta of 1.31. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. 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 (NYSE:CARR) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, sell-side analysts expect that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be paid a $0.24 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. Carrier Global’s payout ratio is currently 63.16%.

Analyst Upgrades and Downgrades

CARR has been the topic of several analyst reports. Barclays increased their price objective on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. upped their price target on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Robert W. Baird increased their price target on Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Citigroup lifted their price objective on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Morgan Stanley boosted their price objective on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.25.

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.