Curated Wealth Partners LLC Sells 199,462 Shares of Carrier Global Corporation $CARR

Curated Wealth Partners LLC reduced its position in shares of Carrier Global Corporation (NYSE:CARR) by 89.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 24,113 shares of the company’s stock after selling 199,462 shares during the period. Curated Wealth Partners LLC’s holdings in Carrier Global were worth $1,323,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in shares of Carrier Global in the second quarter worth approximately $590,759,000. Bank of America Corp DE purchased a new position in Carrier Global in the 2nd quarter valued at $572,908,000. Dimensional Fund Advisors LP lifted its holdings in Carrier Global by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company’s stock valued at $354,188,000 after purchasing an additional 246,723 shares in the last quarter. Legal & General Group Plc acquired a new stake in Carrier Global during the 2nd quarter worth $322,366,000. Finally, Primecap Management Co. CA acquired a new stake in Carrier Global during the 2nd quarter worth $283,585,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CARR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Citigroup raised their price target on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Sanford C. Bernstein lowered their price target on shares of Carrier Global from $78.00 to $64.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Carrier Global from $71.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, September 30th. Finally, Zacks Research downgraded shares of Carrier Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $70.43.

Carrier Global Trading Up 0.2%

NYSE:CARR traded up $0.10 during trading hours on Thursday, hitting $54.34. The company had a trading volume of 1,868,514 shares, compared to its average volume of 6,726,067. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The company has a market cap of $44.79 billion, a P/E ratio of 37.75, a P/E/G ratio of 1.88 and a beta of 1.29. The company has a 50-day moving average of $57.96 and a 200 day moving average of $62.84. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts expect that Carrier Global Corporation will post 2.87 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, October 29th. Carrier Global’s payout ratio is presently 66.67%.

About Carrier Global

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.