Northwestern Mutual Wealth Management Co. Lowers Position in Carrier Global Corporation $CARR

Northwestern Mutual Wealth Management Co. lessened its stake in Carrier Global Corporation (NYSE:CARR) by 78.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,791 shares of the company’s stock after selling 417,579 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Carrier Global were worth $6,224,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CARR. Capital International Investors lifted its holdings in shares of Carrier Global by 6.7% in the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after buying an additional 3,630,524 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Carrier Global by 506.1% in the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock worth $249,977,000 after buying an additional 3,496,372 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Carrier Global by 461.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after buying an additional 2,022,136 shares in the last quarter. PineStone Asset Management Inc. lifted its holdings in shares of Carrier Global by 34.6% in the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock worth $377,987,000 after buying an additional 1,837,985 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Carrier Global by 29.2% in the third quarter. Bank of New York Mellon Corp now owns 6,740,099 shares of the company’s stock worth $402,384,000 after buying an additional 1,525,266 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 1.6%

Shares of CARR opened at $63.19 on Friday. The company’s fifty day moving average is $60.72 and its 200 day moving average is $58.40. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The stock has a market capitalization of $52.49 billion, a PE ratio of 41.57, a P/E/G ratio of 2.51 and a beta of 1.38. 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 (NYSE:CARR) last announced its quarterly 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. 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 analysts’ expectations of $5.01 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. Carrier Global’s quarterly revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Sell-side analysts expect that Carrier Global Corporation will post 2.8 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 4th were given a dividend of $0.24 per share. The ex-dividend date was Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. Carrier Global’s payout ratio is 63.16%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CARR shares. Royal Bank Of Canada boosted their target price on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Robert W. Baird boosted their target price on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Evercore boosted their target price on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Barclays boosted their price target on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, The Goldman Sachs Group boosted their price target on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus target price of $73.78.

About Carrier Global

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.