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

Kidder Stephen W lessened its position in shares of Carrier Global Corporation (NYSE:CARR) by 69.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp bought a new position in Carrier Global during the 3rd quarter worth about $25,000. YANKCOM Partnership increased 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 purchasing an additional 208 shares in the last quarter. Torren Management LLC bought a new position in Carrier Global during the 4th quarter worth about $25,000. Global Wealth Strategies & Associates increased its holdings in Carrier Global by 150.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 300 shares in the last quarter. Finally, True Wealth Design LLC grew its holdings in shares of Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after acquiring an additional 427 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE CARR opened at $71.21 on Wednesday. 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. The business has a 50-day moving average of $64.32 and a 200-day moving average of $59.93. 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 Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping 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 quarter last year, the company posted $0.65 earnings per share. Carrier Global’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, sell-side analysts predict that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm 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 dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.3%. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CARR shares. Robert W. Baird raised their price objective on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Rothschild & Co Redburn raised their price objective on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. raised their price objective on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Royal Bank Of Canada raised their price objective on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Wells Fargo & Company raised their price objective on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.09.

About Carrier Global

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.