Calamos Advisors LLC Trims Stock Position in Carrier Global Corporation $CARR

Calamos Advisors LLC lowered its stake in shares of Carrier Global Corporation (NYSE:CARR) by 3.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 275,707 shares of the company’s stock after selling 11,195 shares during the period. Calamos Advisors LLC’s holdings in Carrier Global were worth $14,568,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CARR. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Carrier Global during the 3rd quarter valued at about $25,000. YANKCOM Partnership raised its stake in shares of Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after buying an additional 208 shares during the last quarter. Global Wealth Strategies & Associates raised its stake in shares of Carrier Global by 150.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after buying an additional 300 shares during the last quarter. True Wealth Design LLC raised its stake in shares of Carrier Global by 723.7% during the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after buying an additional 427 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Carrier Global during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

NYSE:CARR opened at $61.08 on Friday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $51.03 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 2.51 and a beta of 1.32. The stock’s 50-day moving average price is $59.86 and its 200-day moving average price is $57.57.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter last year, the business earned $0.54 earnings per share. Carrier Global’s revenue was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts expect that Carrier Global Corporation will post 2.74 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) is 56.14%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CARR. Evercore began coverage on Carrier Global in a research note on Monday, April 13th. They set an “outperform” rating and a $75.00 price objective for the company. Barclays reduced their price objective on Carrier Global from $72.00 to $67.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Morgan Stanley set a $55.00 price objective on Carrier Global in a research note on Thursday, January 8th. JPMorgan Chase & Co. raised their target price on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Finally, Mizuho dropped their target price on Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.79.

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.