Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 22,498 Shares of Carrier Global Corporation $CARR

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lessened its position in Carrier Global Corporation (NYSE:CARR) by 39.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,940 shares of the company’s stock after selling 22,498 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Carrier Global were worth $2,086,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. AdvisorShares Investments LLC purchased a new position in shares of Carrier Global during the 2nd quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC bought a new position in Carrier Global during the second quarter valued at approximately $26,000. Winnow Wealth LLC purchased a new position in shares of Carrier Global during the second quarter worth approximately $26,000. Traub Capital Management LLC bought a new stake in shares of Carrier Global in the 2nd quarter worth approximately $27,000. Finally, Clayton Financial Group LLC purchased a new stake in shares of Carrier Global in the 3rd quarter valued at $26,000. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CARR. Zacks Research cut shares of Carrier Global from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Robert W. Baird lifted their price objective on Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft dropped their target price on Carrier Global from $70.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, October 29th. Barclays decreased their price target on Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Finally, The Goldman Sachs Group increased their price objective on Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.60.

Carrier Global Trading Up 2.0%

NYSE:CARR opened at $64.18 on Monday. The company has a 50-day moving average price of $57.73 and a 200-day moving average price of $58.74. The stock has a market cap of $53.65 billion, a price-to-earnings ratio of 37.53, a P/E/G ratio of 2.58 and a beta of 1.32. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09.

Carrier Global (NYSE:CARR) last released its quarterly 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 company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.Carrier Global’s quarterly revenue 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. Equities analysts predict that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global declared that its Board of Directors has approved a stock repurchase plan on Tuesday, October 28th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to reacquire up to 10.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Carrier Global Increases Dividend

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

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.