North Star Investment Management Corp. Decreases Holdings in Carrier Global Corporation $CARR

Key Points

• Carrier beat Q1 estimates with adjusted EPS of $0.57 (vs. $0.51) and revenue of $5.34B (vs. $5.01B), and management reaffirmed FY‑2026 guidance (~$22B revenue, $2.80 adj. EPS) while reporting data‑center HVAC orders surged over 500% with backlog covering expected 2026 sales.
• North Star Investment Management trimmed its stake by 56.7%, selling 20,917 shares and leaving 15,956 shares worth $843,000, while hedge funds and other institutions collectively own about 91% of the stock.
• Carrier returned roughly $500M to shareholders via buybacks and dividends, announced a $0.24 quarterly dividend (annualized $0.96, yield 1.4%), and Wall Street maintains a generally positive view with a consensus "Moderate Buy" and a target near $69.69.

North Star Investment Management Corp. trimmed its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 56.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,956 shares of the company's stock after selling 20,917 shares during the period. North Star Investment Management Corp.'s holdings in Carrier Global were worth $843,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CARR. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Carrier Global in the third quarter worth about $25,000. YANKCOM Partnership lifted its stake in shares of Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company's stock worth $25,000 after buying an additional 208 shares in the last quarter. Torren Management LLC purchased a new position in shares of Carrier Global in the fourth quarter worth about $25,000. Global Wealth Strategies & Associates lifted its stake 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 buying an additional 300 shares in the last quarter. Finally, True Wealth Design LLC lifted its stake 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 buying an additional 427 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Trading Up 8.7%

Shares of CARR opened at $67.08 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The firm has a 50-day moving average price of $59.74 and a 200 day moving average price of $57.72. The firm has a market capitalization of $56.04 billion, a P/E ratio of 39.23, a P/E/G ratio of 2.52 and a beta of 1.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.06. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the prior year, the firm 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 forecast that Carrier Global Corporation will post 2.74 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. Carrier Global's dividend payout ratio is currently 56.14%.

Key Carrier Global News

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

• Positive Sentiment: Q1 results topped consensus: adjusted EPS $0.57 (beat) on $5.34B revenue (beat), signaling stronger near‑term profitability than analysts expected. Carrier Reports First Quarter 2026 Results
• Positive Sentiment: Data‑center HVAC demand is a clear driver: management said data‑center orders jumped over 500% and backlog fully covers expected 2026 data‑center sales — a high‑growth end market driving Commercial HVAC momentum. Carrier shares surge after revenue beat driven by data center HVAC demand
• Positive Sentiment: Company reaffirmed FY‑2026 targets (roughly $22B revenue, $2.80 adj. EPS) — guidance slightly above Street consensus and management emphasized targeted ~$1.5B in data‑center sales for the year. That reduces execution risk for the year. Carrier reaffirms ~$22b 2026 sales outlook and projects ~$2.80 adjusted EPS while targeting $1.5b
• Positive Sentiment: Active capital returns: Carrier repurchased stock and paid dividends totaling roughly $500M in the quarter, supporting EPS per share and shareholder confidence. Carrier (CARR) jumps 9.5% as Q1 results beat expectations and data-center HVAC demand surges
• Positive Sentiment: Strategic tech exposure: Carrier Ventures expanded its investment in ZutaCore to scale liquid‑cooling for AI/data centers — a long‑term growth/investment angle in high‑value end markets. Carrier Ventures Expands Investment in ZutaCore
• Neutral Sentiment: Revenue mix is mixed: total net sales were up ~2% but organic sales declined about 1% year‑over‑year — underlying end‑market variability remains. Carrier 1Q Down, Backs 2026 Adjusted EPS View Amid Strong Data-Center Sales
• Negative Sentiment: GAAP EPS and cash metrics are softer: GAAP EPS fell vs. year‑ago ($0.28 vs $0.65) and free cash flow was negative (~$‑15M) this quarter, which could concern investors focused on cash conversion. Carrier Reports First Quarter 2026 Results

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Carrier Global from $68.00 to $74.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Robert W. Baird decreased their price target on shares of Carrier Global from $72.00 to $70.00 and set an "outperform" rating on the stock in a research note on Monday. Argus raised their price target on shares of Carrier Global from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, February 9th. Citigroup boosted their price objective on Carrier Global from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Finally, Evercore initiated coverage on Carrier Global in a research note on Monday, April 13th. They set an "outperform" rating and a $75.00 price objective on the stock. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $69.69.

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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