Dakota Wealth Management Lowers Stock Position in Carrier Global Corporation $CARR

Dakota Wealth Management trimmed its position in shares of Carrier Global Corporation (NYSE:CARR) by 32.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,994 shares of the company’s stock after selling 9,088 shares during the period. Dakota Wealth Management’s holdings in Carrier Global were worth $1,134,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Carrier Global by 23.8% during the second quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock worth $2,820,485,000 after acquiring an additional 7,409,432 shares during the last quarter. Norges Bank acquired a new stake in Carrier Global during the 2nd quarter worth approximately $524,939,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Carrier Global by 1,742.8% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,623,000 shares of the company’s stock worth $265,167,000 after purchasing an additional 3,426,395 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Carrier Global by 63.6% in the second quarter. Artisan Partners Limited Partnership now owns 4,952,738 shares of the company’s stock valued at $362,491,000 after buying an additional 1,924,804 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Carrier Global by 29.2% during the third quarter. Bank of New York Mellon Corp now owns 6,740,099 shares of the company’s stock valued at $402,384,000 after buying an additional 1,525,266 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Down 3.1%

Shares of CARR opened at $61.55 on Thursday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The stock has a 50-day moving average price of $58.34 and a 200 day moving average price of $58.72. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. The company has a market capitalization of $51.44 billion, a P/E ratio of 35.99, a P/E/G ratio of 2.55 and a beta of 1.33.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Sell-side analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Tuesday, January 20th were paid a dividend of $0.24 per share. This is a positive change from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, January 20th. This represents a $0.96 dividend on an annualized basis and a yield of 1.6%. Carrier Global’s payout ratio is currently 56.14%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. CICC Research cut their target price on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. JPMorgan Chase & Co. raised their price objective on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Morgan Stanley set a $55.00 target price on Carrier Global in a research report on Thursday, January 8th. Rothschild & Co Redburn dropped their target price on Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Carrier Global from $70.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, October 29th. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.60.

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.