Cornerstone National Bank & Trust Co Sells 8,758 Shares of Carrier Global Corporation $CARR
by Scott Moore · The Cerbat GemCornerstone National Bank & Trust Co trimmed its stake in shares of Carrier Global Corporation (NYSE:CARR – Free Report) by 64.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,760 shares of the company’s stock after selling 8,758 shares during the period. Cornerstone National Bank & Trust Co’s holdings in Carrier Global were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. KERR FINANCIAL PLANNING Corp purchased a new stake in Carrier Global during the 3rd quarter valued at $25,000. YANKCOM Partnership boosted its stake in shares of Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after buying an additional 208 shares during the last quarter. Global Wealth Strategies & Associates grew its holdings in shares of Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after acquiring an additional 300 shares during the period. True Wealth Design LLC grew its holdings in shares of Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after acquiring an additional 427 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in Carrier Global during the fourth quarter valued at $27,000. Institutional investors own 91.00% of the company’s stock.
Analysts Set New Price Targets
CARR has been the topic of several research reports. The Goldman Sachs Group raised their target price on Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Royal Bank Of Canada lowered their price objective on shares of Carrier Global from $74.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Evercore began coverage on shares of Carrier Global in a report on Monday, April 13th. They issued an “outperform” rating and a $75.00 price objective on the stock. Finally, Argus boosted their target price on shares of Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Thirteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.79.
Read Our Latest Research Report on Carrier Global
Carrier Global Stock Performance
Shares of CARR opened at $61.08 on Friday. The business has a 50-day simple moving average of $59.86 and a two-hundred day simple moving average of $57.57. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The stock has a market cap of $51.03 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 2.51 and a beta of 1.32.
Carrier Global (NYSE:CARR – Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts expect that Carrier Global Corporation will post 2.74 EPS for the current year.
Carrier Global Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, May 4th. Carrier Global’s dividend payout ratio is presently 56.14%.
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.