Segall Bryant & Hamill LLC Sells 8,528 Shares of Carrier Global Corporation $CARR

Segall Bryant & Hamill LLC cut its holdings in Carrier Global Corporation (NYSE:CARR) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 254,627 shares of the company’s stock after selling 8,528 shares during the period. Segall Bryant & Hamill LLC’s holdings in Carrier Global were worth $15,201,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Winnow Wealth LLC purchased a new position in shares of Carrier Global in the second quarter worth $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in Carrier Global during the second quarter valued at $26,000. Clayton Financial Group LLC bought a new stake in Carrier Global in the 3rd quarter valued at $26,000. Traub Capital Management LLC purchased a new stake in Carrier Global in the 2nd quarter worth $27,000. Finally, Salomon & Ludwin LLC lifted its stake in Carrier Global by 460.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $29,000 after purchasing an additional 396 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CARR. Barclays reduced their target price on Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Wells Fargo & Company increased their price target on Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. UBS Group reduced their price objective on Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carrier Global in a report on Monday, December 29th. Finally, The Goldman Sachs Group increased their target price on Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.82.

Carrier Global Price Performance

NYSE:CARR opened at $61.08 on Wednesday. The firm has a market capitalization of $51.05 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 2.56 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 50 day simple moving average of $59.11 and a 200-day simple moving average of $58.59. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

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.