J.P. Marvel Investment Advisors LLC Cuts Position in Carrier Global Corporation $CARR

Key Points

• J.P. Marvel Investment Advisors LLC cut its stake in Carrier Global by 26.9% in Q4, selling 18,067 shares and leaving 49,011 shares valued at about $2.59 million at quarter-end.
• Analysts rate the stock a consensus “Moderate Buy” with an average price target of $69.79 (13 Buy vs. 10 Hold), and recent broker moves include Wolfe and Goldman raising targets while Rothschild lowered theirs.
• Carrier missed Q4 estimates (EPS $0.34 vs. $0.36; revenue $4.84B vs. $5.05B), saw revenue down 6% YoY, set FY2026 guidance at $2.80 EPS, and pays a $0.24 quarterly dividend (≈1.6% yield).

J.P. Marvel Investment Advisors LLC cut its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 26.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,011 shares of the company's stock after selling 18,067 shares during the quarter. J.P. Marvel Investment Advisors LLC's holdings in Carrier Global were worth $2,590,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CARR. Ironwood Investment Counsel LLC boosted its position in shares of Carrier Global by 4.6% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company's stock worth $244,000 after purchasing an additional 181 shares in the last quarter. Code Waechter LLC boosted its position in shares of Carrier Global by 5.0% in 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 in the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Carrier Global by 13.7% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,586 shares of the company's stock worth $84,000 after purchasing an additional 191 shares in the last quarter. Diversified Trust Co boosted its position in shares of Carrier Global by 1.1% in the 3rd quarter. Diversified Trust Co now owns 17,444 shares of the company's stock worth $1,041,000 after purchasing an additional 194 shares in the last quarter. Finally, World Investment Advisors boosted its position in shares of Carrier Global by 2.4% in the 3rd quarter. World Investment Advisors now owns 8,517 shares of the company's stock worth $508,000 after purchasing an additional 199 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CARR. Wolfe Research raised their price objective on Carrier Global from $75.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 8th. Rothschild & Co Redburn lowered their price objective on Carrier Global from $67.00 to $61.00 and set a "neutral" rating for the company in a research report on Wednesday, January 21st. Argus raised their price objective on Carrier Global from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, February 9th. The Goldman Sachs Group raised their price objective on Carrier Global from $68.00 to $74.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Finally, Weiss Ratings raised Carrier Global from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $69.79.

Carrier Global Stock Performance

Shares of CARR stock opened at $61.08 on Friday. The firm has a market capitalization of $51.03 billion, a price-to-earnings ratio of 35.72, a price-to-earnings-growth ratio of 2.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The business has a fifty day moving average of $59.86 and a 200 day moving average of $57.58. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09.

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). The firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The business's revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.54 EPS. 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 2.74 earnings per share for the current year.

Carrier Global Announces Dividend

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

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.

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