Carrier Global Corporation $CARR Shares Sold by Broderick Brian C

Broderick Brian C reduced its position in shares of Carrier Global Corporation (NYSE:CARR) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,884 shares of the company’s stock after selling 8,798 shares during the period. Broderick Brian C’s holdings in Carrier Global were worth $5,963,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CARR shares. Argus upped their price target on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Wells Fargo & Company increased their price target on shares of Carrier Global from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. Citigroup upped their price objective on Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 6th. CICC Research lowered their price target on Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Finally, Rothschild & Co Redburn reduced their target price on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 21st. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $70.60.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $62.97 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average price of $57.51 and a two-hundred day moving average price of $58.86. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09. The company has a market cap of $52.63 billion, a P/E ratio of 36.82, a PEG ratio of 2.59 and a beta of 1.33.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the prior year, the firm posted $0.54 EPS. The business’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, analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Tuesday, January 20th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, January 20th. Carrier Global’s payout ratio is currently 56.14%.

Carrier Global declared that its Board of Directors has initiated a share buyback plan on Tuesday, October 28th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to purchase up to 10.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.