Harmony Asset Management LLC Sells 15,265 Shares of Carrier Global Corporation $CARR

Harmony Asset Management LLC reduced its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 40.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,207 shares of the company’s stock after selling 15,265 shares during the quarter. Harmony Asset Management LLC’s holdings in Carrier Global were worth $1,250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Aigen Investment Management LP raised its holdings in Carrier Global by 0.3% during the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after acquiring an additional 166 shares during the period. Advisory Alpha LLC boosted its holdings in shares of Carrier Global by 2.9% in the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after acquiring an additional 171 shares during the period. Texas Bank & Trust Co boosted its holdings in shares of Carrier Global by 1.3% in the first quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock worth $742,000 after acquiring an additional 175 shares during the period. Advisor OS LLC grew its position in shares of Carrier Global by 0.8% in the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after purchasing an additional 178 shares in the last quarter. Finally, Personal CFO Solutions LLC grew its position in shares of Carrier Global by 0.7% in the first quarter. Personal CFO Solutions LLC now owns 24,671 shares of the company’s stock valued at $1,389,000 after purchasing an additional 181 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts 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 company a “neutral” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada raised their target price on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Robert W. Baird upped their price target on Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Finally, Barclays increased their price target on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $73.51.

Carrier Global Stock Performance

Carrier Global stock opened at $68.78 on Thursday. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two 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. The stock has a market cap of $57.13 billion, a P/E ratio of 45.25, a price-to-earnings-growth ratio of 2.79 and a beta of 1.31. The firm’s fifty day moving average price is $68.19 and its 200-day moving average price is $62.49.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities research analysts expect that Carrier Global Corporation will post 2.79 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

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

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.