Bank of New York Mellon Corp Sells 1,835,951 Shares of Carrier Global Corporation $CARR

Bank of New York Mellon Corp reduced its position in shares of Carrier Global Corporation (NYSE:CARR) by 27.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,904,148 shares of the company’s stock after selling 1,835,951 shares during the quarter. Bank of New York Mellon Corp’s holdings in Carrier Global were worth $259,135,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp bought a new stake in Carrier Global during the 3rd quarter worth about $25,000. YANKCOM Partnership increased its stake in shares of Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after acquiring an additional 208 shares during the last quarter. Torren Management LLC bought a new stake in shares of Carrier Global in the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates increased its stake in shares of Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 300 shares during the last quarter. Finally, True Wealth Design LLC increased its stake in shares of Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after acquiring an additional 427 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Price Performance

NYSE CARR opened at $68.59 on Friday. The business has a 50 day simple moving average of $62.15 and a 200 day simple moving average of $58.97. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The stock has a market cap of $56.97 billion, a price-to-earnings ratio of 45.12, a PEG ratio of 2.71 and a beta of 1.34.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $5.01 billion. During the same period in the prior year, the business earned $0.65 EPS. Carrier Global’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. Analysts anticipate that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

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

Wall Street Analyst Weigh In

CARR has been the subject of a number of recent analyst reports. Wolfe Research upped their price target on Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Citigroup upped their price target on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Argus upped their price target on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, Robert W. Baird upped their price target on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $74.04.

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.