Assetmark Inc. Sells 53,433 Shares of Carrier Global Corporation $CARR

Key Points

• Assetmark Inc. reduced its stake in Carrier Global by 11.5%, selling 53,433 shares and now holds 411,115 shares worth about $21.72 million.
• Shares have fallen roughly 9.6% as analysts trimmed price targets and unusual put buying increased bearish pressure, though the consensus rating remains a Moderate Buy with an average target of $69.79.
• Carrier missed quarterly expectations (EPS $0.34 vs. $0.36; revenue down 6% to $4.84B), set FY2026 guidance at 2.80 EPS versus analyst forecasts near 2.99, and declared a $0.24 quarterly dividend (1.6% yield).

Assetmark Inc. lowered its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 411,115 shares of the company's stock after selling 53,433 shares during the quarter. Assetmark Inc.'s holdings in Carrier Global were worth $21,723,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. JM2 Capital Inc. bought a new stake in shares of Carrier Global in the 4th quarter worth approximately $378,000. Transcend Capital Advisors LLC raised its holdings in shares of Carrier Global by 14.6% in the 4th quarter. Transcend Capital Advisors LLC now owns 6,331 shares of the company's stock worth $335,000 after purchasing an additional 805 shares during the period. Deprince Race & Zollo Inc. raised its holdings in shares of Carrier Global by 51.5% in the 4th quarter. Deprince Race & Zollo Inc. now owns 524,804 shares of the company's stock worth $27,731,000 after purchasing an additional 178,436 shares during the period. Burney Co. raised its holdings in shares of Carrier Global by 2.9% in the 4th quarter. Burney Co. now owns 21,335 shares of the company's stock worth $1,127,000 after purchasing an additional 599 shares during the period. Finally, Monarch Capital Management Inc. raised its holdings in shares of Carrier Global by 8.3% in the 4th quarter. Monarch Capital Management Inc. now owns 44,775 shares of the company's stock worth $2,366,000 after purchasing an additional 3,414 shares during the period. Institutional investors own 91.00% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CARR shares. Barclays lowered their price target on shares of Carrier Global from $72.00 to $67.00 and set an "overweight" rating on the stock in a report on Wednesday, April 1st. CICC Research lowered their price target on shares of Carrier Global from $76.85 to $69.78 and set an "outperform" rating on the stock in a report on Wednesday, February 11th. Zacks Research raised shares of Carrier Global from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 7th. Robert W. Baird boosted their target price on shares of Carrier Global from $66.00 to $72.00 and gave the company an "outperform" rating in a report on Friday, February 6th. Finally, Rothschild & Co Redburn lowered their target price on shares of Carrier Global from $67.00 to $61.00 and set a "neutral" rating on the stock in a report on Wednesday, January 21st. Thirteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $69.79.

Carrier Global News Roundup

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

• Positive Sentiment: Board declared a quarterly cash dividend of $0.24/share (supportive for income investors and signals confidence in cash generation). Carrier Board of Directors Declares Quarterly Cash Dividend
• Positive Sentiment: Evercore initiated coverage with an Outperform/recommendation, giving the stock a buyer-supportive take that can help limit downside if execution and commercial HVAC momentum hold. Evercore ISI Group initiates coverage of Carrier Global with Outperform
• Positive Sentiment: Insider buying (CEO purchase noted in recent filings) is a vote of confidence from management and can be viewed positively by investors. Quiver Quantitative coverage (insider activity)
• Neutral Sentiment: BNP Paribas (Exane) initiated coverage with a Neutral rating and $62 price target — slightly above recent levels but not a strong buy signal, so it’s unlikely to reverse weakness on its own. BNP Paribas initiates coverage with Neutral
• Negative Sentiment: Large unusual put buying — ~13,175 put contracts purchased (≈133% above average) — indicates increased hedging or directional bearish bets, which tends to add downside pressure to the share price. (Options volume report entry)
• Negative Sentiment: Analyst price‑target trims and lingering worries about softer near‑term residential HVAC demand and conservative 2026 outlook commentary have reset expectations and contributed to selling/profit‑taking after a short April rally. Quiver Quantitative analysis of downward pressure

Carrier Global Stock Down 9.6%

CARR opened at $58.48 on Thursday. The stock has a market cap of $48.86 billion, a PE ratio of 34.20, a P/E/G ratio of 2.64 and a beta of 1.32. 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 business's fifty day simple moving average is $60.43 and its 200 day simple moving average is $57.49.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the prior year, the company earned $0.54 EPS. The firm's revenue was down 6.0% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, research analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, May 4th. Carrier Global's dividend payout ratio is 56.14%.

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.

Want to see what other hedge funds are holding CARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carrier Global Corporation (NYSE:CARR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.