Hartline Investment Corp Lowers Position in Carrier Global Corporation $CARR

Hartline Investment Corp cut its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 47.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 14,299 shares of the company’s stock after selling 12,759 shares during the quarter. Hartline Investment Corp’s holdings in Carrier Global were worth $756,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Becker Capital Management Inc. boosted its holdings in Carrier Global by 5.6% during the 3rd quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock valued at $25,405,000 after acquiring an additional 22,377 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Carrier Global by 6.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock valued at $59,586,000 after acquiring an additional 72,906 shares during the period. Y.D. More Investments Ltd purchased a new position in Carrier Global during the 4th quarter valued at about $1,556,000. Cardinal Capital Management Inc. boosted its holdings in Carrier Global by 11.3% during the 4th quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock valued at $21,675,000 after acquiring an additional 41,647 shares during the period. Finally, Canoe Financial LP boosted its holdings in Carrier Global by 607.5% during the 4th quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock valued at $63,146,000 after acquiring an additional 1,026,147 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on CARR. Rothschild & Co Redburn raised their target price on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. BNP Paribas Exane began coverage on Carrier Global in a report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 target price for the company. Barclays raised their target price on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Citigroup increased their price target on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Mizuho increased their price target on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $73.78.

Carrier Global Price Performance

Shares of NYSE CARR opened at $63.19 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The firm has a market capitalization of $52.49 billion, a PE ratio of 41.57, a price-to-earnings-growth ratio of 2.51 and a beta of 1.38. The stock’s 50-day simple moving average is $60.72 and its 200-day simple moving average is $58.40.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the company earned $0.65 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts forecast that Carrier Global Corporation will post 2.8 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 4th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.96 annualized dividend and a yield of 1.5%. Carrier Global’s payout ratio is 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.