Carrier Global Corporation $CARR Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. cut its stake in shares of Carrier Global Corporation (NYSE:CARR) by 56.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Ironwood Investment Counsel LLC increased its position in shares of Carrier Global by 4.6% during the third quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock valued at $244,000 after acquiring an additional 181 shares during the last quarter. Code Waechter LLC increased its position in shares of Carrier Global by 5.0% during the fourth quarter. Code Waechter LLC now owns 3,983 shares of the company’s stock valued at $210,000 after acquiring an additional 189 shares during the last quarter. JFS Wealth Advisors LLC increased its position in shares of Carrier Global by 13.7% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,586 shares of the company’s stock valued at $84,000 after acquiring an additional 191 shares during the last quarter. Diversified Trust Co increased its position in shares of Carrier Global by 1.1% during the third quarter. Diversified Trust Co now owns 17,444 shares of the company’s stock valued at $1,041,000 after acquiring an additional 194 shares during the last quarter. Finally, Procyon Advisors LLC increased its position in shares of Carrier Global by 3.9% during the fourth quarter. Procyon Advisors LLC now owns 5,267 shares of the company’s stock valued at $278,000 after acquiring an additional 199 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CARR shares. Morgan Stanley set a $55.00 price target on shares of Carrier Global in a research report on Thursday, January 8th. Royal Bank Of Canada dropped their price target on shares of Carrier Global from $74.00 to $68.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Argus lifted their price target 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. Rothschild & Co Redburn dropped their price target on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research report on Wednesday, January 21st. Finally, Robert W. Baird cut 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. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.69.

Carrier Global News Summary

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

Carrier Global Trading Up 8.7%

CARR opened at $67.08 on Friday. The firm has a market cap of $56.04 billion, a price-to-earnings ratio of 39.23, a price-to-earnings-growth ratio of 2.52 and a beta of 1.32. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The business’s 50 day moving average is $59.74 and its two-hundred day moving average is $57.72. 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 (NYSE:CARR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts predict that Carrier Global Corporation will post 2.74 EPS for the current year.

Carrier Global Announces Dividend

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 dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $0.96 annualized dividend and a yield of 1.4%. Carrier Global’s payout ratio is 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.