9,752 Carrier Global Corporation $CARR Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA decreased its stake in Carrier Global Corporation (NYSE:CARR) by 59.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,768 shares of the company’s stock after selling 9,752 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Carrier Global were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new stake in Carrier Global during the 2nd quarter worth about $590,759,000. Bank of America Corp DE purchased a new stake in Carrier Global during the second quarter valued at about $572,908,000. Legal & General Group Plc acquired a new position in shares of Carrier Global in the second quarter worth about $322,366,000. Primecap Management Co. CA acquired a new position in shares of Carrier Global in the second quarter worth about $283,585,000. Finally, Deutsche Bank AG acquired a new position in shares of Carrier Global in the second quarter worth about $166,165,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

CARR has been the topic of several analyst reports. Zacks Research downgraded shares of Carrier Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Royal Bank Of Canada reduced their price target on shares of Carrier Global from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on shares of Carrier Global from $61.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday. The Goldman Sachs Group cut shares of Carrier Global from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $74.00 to $61.00 in a research report on Wednesday, October 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a report on Friday, October 16th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.54.

Carrier Global Trading Down 3.8%

Shares of NYSE CARR opened at $53.45 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.72 and a debt-to-equity ratio of 0.96. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The business has a 50-day moving average price of $56.37 and a two-hundred day moving average price of $61.71. The firm has a market capitalization of $44.06 billion, a PE ratio of -24.07, a PEG ratio of 1.82 and a beta of 1.29.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, October 29th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.09 billion. Carrier Global had a positive return on equity of 16.99% and a negative net margin of 7.90%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. As a group, analysts predict that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.8%. Carrier Global’s payout ratio is presently -43.24%.

More Carrier Global News

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Q3 results exceeded expectations: Carrier reported adjusted EPS of $0.87, above the $0.76 consensus estimate, while revenue increased 12.3% year over year to $6.26 billion, topping expectations of $6.09 billion. Carrier Reports Third Quarter 2026 Results
• Positive Sentiment: Demand and backlog strengthened: Total orders rose approximately 35%, commercial HVAC orders increased about 60%, and data-center orders surged roughly 300%. Carrier also reported a record backlog exceeding $8.5 billion and signed long-term agreements worth multiple billions of dollars with minimum volume commitments. Carrier Global Q3 2026 Earnings Call Highlights
• Positive Sentiment: Full-year sales outlook improved: Management updated its 2026 guidance for higher sales, supported by HVAC demand, the backlog and tariff refunds. Operating cash flow was $813 million and free cash flow was $674 million; the company returned approximately $600 million to shareholders through dividends and repurchases. Carrier Q3 Earnings and Sales Beat
• Neutral Sentiment: Analysts remain broadly constructive, but targets were reduced: Citigroup cut its target to $71 while retaining a Buy rating; Wells Fargo lowered its target to $65 with an Overweight rating; RBC reduced its target to $70 with an Outperform rating; and BNP Paribas Exane cut its target to $60 while maintaining Neutral. The revisions still imply substantial potential upside, but signal more cautious valuation or earnings assumptions.
• Negative Sentiment: GAAP results were affected by an impairment charge: Carrier reported a goodwill impairment for the quarter, contributing to GAAP EPS of negative $3.16 despite positive adjusted earnings. Cost pressures and the lower analyst targets may be weighing on investor sentiment.
• Negative Sentiment: Bearish options activity increased: Traders purchased 18,275 put options, approximately 189% above typical daily put volume, indicating elevated demand for downside protection or speculative bearish positioning.

Carrier Global Company Profile

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.