Truist Financial Corp Sells 10,031 Shares of Carrier Global Corporation $CARR

Truist Financial Corp trimmed its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 115,216 shares of the company’s stock after selling 10,031 shares during the quarter. Truist Financial Corp’s holdings in Carrier Global were worth $6,088,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Ironwood Investment Counsel LLC increased its position in Carrier Global by 4.6% during the third quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock worth $244,000 after acquiring an additional 181 shares during the period. Code Waechter LLC grew its stake in Carrier Global by 5.0% during the fourth quarter. Code Waechter LLC now owns 3,983 shares of the company’s stock worth $210,000 after buying an additional 189 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in Carrier Global by 13.7% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,586 shares of the company’s stock worth $84,000 after buying an additional 191 shares in the last quarter. Procyon Advisors LLC grew its stake in Carrier Global by 3.9% during the fourth quarter. Procyon Advisors LLC now owns 5,267 shares of the company’s stock worth $278,000 after buying an additional 199 shares in the last quarter. Finally, YANKCOM Partnership grew its stake in Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after buying an additional 208 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

More Carrier Global News

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

• Positive Sentiment: Carrier announced and broke ground on a new ₹1,000 crore air-conditioning facility in Sri City, Andhra Pradesh, which will also serve as an export hub. The move signals capacity expansion, deeper manufacturing localization, and a bigger growth runway in India. Article: Andhra Minister lays foundation stone for Carrier Global’s ₹1,000 cr AC facility in Sri City
• Positive Sentiment: Company commentary and local reports said India is becoming a key export hub for Carrier due to Sri City’s port access, reinforcing expectations for international sales growth and improved supply-chain efficiency. Article: India becoming key export hub for Carrier thanks to port advantage: CEO Gitlin
• Positive Sentiment: Analyst coverage turned supportive, with Rothschild & Co Redburn raising its price target to $73 and Argus reiterating a constructive outlook, which can help sentiment around the shares. Article: Rothschild & Co Redburn Boosts Carrier Global (NYSE:CARR) Price Target to $73.00 Article: Argus Forecasts Strong Price Appreciation for Carrier Global (NYSE:CARR) Stock
• Neutral Sentiment: Several articles recapped Carrier’s Q1 earnings call, reflecting continued investor focus on execution and guidance rather than a new catalyst. Article: 5 insightful analyst questions from Carrier Global’s Q1 earnings call

Carrier Global Trading Down 0.6%

CARR opened at $66.79 on Friday. The company’s 50 day moving average is $59.91 and its 200-day moving average is $57.93. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The company has a market cap of $55.48 billion, a P/E ratio of 43.94, a PEG ratio of 2.66 and a beta of 1.38.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same period last year, the company posted $0.65 EPS. The firm’s quarterly revenue 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. Equities research analysts predict that Carrier Global Corporation will post 2.8 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, May 4th. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. BNP Paribas Exane assumed coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective on the stock. Citigroup increased their price objective on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Mizuho increased their price objective on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Finally, Robert W. Baird increased their price objective on shares of 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 assigned a Hold rating to the company’s stock. According to MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.57.

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.