Connecticut Wealth Management LLC Sells 12,255 Shares of Carrier Global Corporation $CARR

Connecticut Wealth Management LLC cut its position in Carrier Global Corporation (NYSE:CARR) by 9.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 112,105 shares of the company’s stock after selling 12,255 shares during the period. Connecticut Wealth Management LLC’s holdings in Carrier Global were worth $5,924,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Advisory Alpha LLC grew its holdings in Carrier Global by 2.9% in the 4th quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock valued at $319,000 after buying an additional 171 shares in the last quarter. Advisor OS LLC grew its holdings in Carrier Global by 0.8% in the 4th quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after buying an additional 178 shares in the last quarter. Wescott Financial Advisory Group LLC grew its holdings in Carrier Global by 4.7% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 4,163 shares of the company’s stock valued at $220,000 after buying an additional 186 shares in the last quarter. Rossmore Private Capital grew its holdings in Carrier Global by 1.5% in the 4th quarter. Rossmore Private Capital now owns 12,944 shares of the company’s stock valued at $684,000 after buying an additional 187 shares in the last quarter. Finally, Code Waechter LLC grew its holdings in shares of Carrier Global by 5.0% during the 4th quarter. Code Waechter LLC now owns 3,983 shares of the company’s stock worth $210,000 after purchasing an additional 189 shares during the period. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $69.78 on Friday. The business has a 50-day moving average of $63.44 and a 200 day moving average of $59.56. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The stock has a market capitalization of $57.96 billion, a price-to-earnings ratio of 45.91, a price-to-earnings-growth ratio of 2.73 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 EPS for the quarter, beating 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 company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same period last year, the business posted $0.65 EPS. Carrier Global’s revenue for the quarter was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, sell-side analysts forecast that Carrier Global Corporation will post 2.78 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be issued 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 is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is 63.16%.

Wall Street Analyst Weigh In

CARR has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Barclays increased their price target on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Argus increased their price target on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Evercore increased their price target on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Finally, Robert W. Baird increased their price target on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $74.09.

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.