Northwestern Mutual Wealth Management Co. Sells 503,666 Shares of Carrier Global Corporation $CARR

Northwestern Mutual Wealth Management Co. trimmed its position in Carrier Global Corporation (NYSE:CARR) by 94.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,704 shares of the company’s stock after selling 503,666 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Carrier Global were worth $1,675,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Becker Capital Management Inc. increased its holdings in shares of Carrier Global by 5.6% in the third quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock worth $25,405,000 after purchasing an additional 22,377 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Carrier Global by 6.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock worth $59,586,000 after purchasing an additional 72,906 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in shares of Carrier Global in the fourth quarter worth about $1,556,000. Cardinal Capital Management Inc. increased its holdings in shares of Carrier Global by 11.3% in the fourth quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock worth $21,675,000 after purchasing an additional 41,647 shares during the last quarter. Finally, Canoe Financial LP increased its holdings in shares of Carrier Global by 607.5% in the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock worth $63,146,000 after purchasing an additional 1,026,147 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Citigroup boosted their price objective on Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Mizuho boosted their price objective on Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Barclays boosted their price objective on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Argus boosted their price objective on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.04.

Carrier Global Stock Down 2.0%

Shares of NYSE:CARR opened at $67.18 on Friday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The business has a 50 day simple moving average of $62.30 and a two-hundred day simple moving average of $59.02. The firm has a market capitalization of $55.79 billion, a PE ratio of 44.19, a price-to-earnings-growth ratio of 2.69 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities analysts predict that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s payout ratio is 63.16%.

About Carrier Global

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.