Carrier Global Corporation $CARR Stake Lowered by Lifeworks Advisors LLC

Lifeworks Advisors LLC cut its stake in Carrier Global Corporation (NYSE:CARR) by 64.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,563 shares of the company’s stock after selling 49,321 shares during the quarter. Lifeworks Advisors LLC’s holdings in Carrier Global were worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. KERR FINANCIAL PLANNING Corp acquired a new stake in Carrier Global during the third quarter valued at $25,000. YANKCOM Partnership increased its position in Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the last quarter. Torren Management LLC acquired a new position in Carrier Global in the 4th quarter worth about $25,000. Global Wealth Strategies & Associates raised its stake in shares of Carrier Global by 150.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 300 shares in the last quarter. Finally, True Wealth Design LLC raised its stake in shares of Carrier Global by 723.7% during the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after purchasing an additional 427 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $69.41 on Monday. The business’s 50-day simple moving average is $68.04 and its 200-day simple moving average is $62.15. 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 52 week low of $50.24 and a 52 week high of $81.09. The firm has a market cap of $57.65 billion, a price-to-earnings ratio of 45.67, a P/E/G ratio of 2.78 and a beta of 1.31.

Carrier Global (NYSE:CARR) last posted 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. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts expect that Carrier Global Corporation will post 2.79 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CARR. Sanford C. Bernstein started coverage on Carrier Global in a research note on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 price target for the company. The Goldman Sachs Group raised their price objective on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Royal Bank Of Canada lifted their target price on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, Wells Fargo & Company raised their price target on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.46.

Carrier Global 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.