199,462 Carrier Global Corporation $CARR Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Carrier Global position by 89.2% in the third quarter, selling 199,462 shares and retaining 24,113 shares valued at approximately $1.32 million. Institutional investors collectively own about 91% of CARR.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $70.43, despite several firms recently lowering their targets. Carrier shares were trading at $54.34.
• Carrier reported quarterly revenue of $6.35 billion and adjusted earnings of $0.86 per share, exceeding analyst estimates. The company also declared a quarterly dividend of $0.24 per share, representing a 1.8% annualized yield.

Curated Wealth Partners LLC lowered its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 89.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,113 shares of the company's stock after selling 199,462 shares during the period. Curated Wealth Partners LLC's holdings in Carrier Global were worth $1,323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CARR. Truefg LLC acquired a new stake in shares of Carrier Global in the third quarter worth $3,475,000. Lipe & Dalton raised its holdings in shares of Carrier Global by 185.0% during the third quarter. Lipe & Dalton now owns 39,797 shares of the company's stock worth $2,183,000 after purchasing an additional 25,835 shares during the last quarter. Mather Group LLC. lifted its position in Carrier Global by 27.5% during the third quarter. Mather Group LLC. now owns 13,360 shares of the company's stock valued at $733,000 after purchasing an additional 2,883 shares during the period. Adirondack Trust Co. boosted its holdings in Carrier Global by 59.9% in the third quarter. Adirondack Trust Co. now owns 4,658 shares of the company's stock valued at $256,000 after purchasing an additional 1,745 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its holdings in Carrier Global by 528.5% in the third quarter. First Citizens Bank & Trust Co. now owns 40,866 shares of the company's stock valued at $2,242,000 after purchasing an additional 34,364 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CARR has been the subject of a number of recent research reports. Sanford C. Bernstein reduced their price objective on Carrier Global from $78.00 to $64.00 and set a "market perform" rating for the company in a research note on Wednesday, October 7th. Wolfe Research restated an "outperform" rating and issued a $80.00 target price on shares of Carrier Global in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft decreased their price target on Carrier Global from $71.00 to $64.00 and set a "hold" rating for the company in a report on Wednesday, September 30th. Mizuho dropped their price objective on shares of Carrier Global from $75.00 to $70.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. started coverage on shares of Carrier Global in a research note on Friday, October 9th. They issued a "neutral" rating and a $61.00 target price for the company. Eleven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Carrier Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.43.

Carrier Global Price Performance

Shares of Carrier Global stock traded up $0.10 on Thursday, hitting $54.34. The company's stock had a trading volume of 1,868,514 shares, compared to its average volume of 6,726,067. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The firm has a fifty day moving average price of $57.96 and a 200-day moving average price of $62.84. The company has a market capitalization of $44.79 billion, a price-to-earnings ratio of 37.75, a price-to-earnings-growth ratio of 1.88 and a beta of 1.29.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. Carrier Global's revenue for the quarter was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, sell-side analysts anticipate 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. Shareholders of record on Thursday, October 29th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, October 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.8%. Carrier Global's dividend payout ratio is currently 66.67%.

About Carrier Global

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, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.

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