Kidder Stephen W Sells 63,047 Shares of Carrier Global Corporation $CARR

Kidder Stephen W lowered its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 69.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 28,095 shares of the company’s stock after selling 63,047 shares during the period. Kidder Stephen W’s holdings in Carrier Global were worth $1,485,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CARR. KERR FINANCIAL PLANNING Corp bought a new position in Carrier Global during the third quarter worth 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 purchasing an additional 208 shares during the period. Torren Management LLC acquired a new stake in Carrier Global during the fourth quarter worth approximately $25,000. Global Wealth Strategies & Associates boosted its holdings in shares of Carrier Global by 150.0% during 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 during the period. Finally, True Wealth Design LLC boosted its holdings 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 own 91.00% of the company’s stock.

Carrier Global Trading Up 0.1%

Shares of NYSE:CARR opened at $71.21 on Wednesday. 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 $59.15 billion, a PE ratio of 46.85, a P/E/G ratio of 2.85 and a beta of 1.34. The business has a 50 day moving average of $64.32 and a 200-day moving average of $59.93. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last released its quarterly 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 net margin of 5.99% and a return on equity of 14.81%. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The firm’s quarterly 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. As a group, equities research analysts forecast that Carrier Global Corporation will post 2.78 earnings per share for the current year.

Carrier Global Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Rothschild & Co Redburn boosted their price objective on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. BNP Paribas Exane assumed coverage on Carrier Global in a report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective for the company. 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 report on Thursday, May 28th. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Sanford C. Bernstein assumed coverage on Carrier Global in a report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 price objective for the company. Twelve investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.