Capital Group Private Client Services Inc. Reduces Holdings in Carrier Global Corporation $CARR

Capital Group Private Client Services Inc. lowered its stake in Carrier Global Corporation (NYSE:CARR) by 70.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 163,598 shares of the company’s stock after selling 381,858 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Carrier Global were worth $9,767,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Carrier Global by 0.5% during the second quarter. Vanguard Group Inc. now owns 93,373,143 shares of the company’s stock worth $6,833,980,000 after buying an additional 450,594 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Carrier Global by 23.8% in the second quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock valued at $2,820,485,000 after acquiring an additional 7,409,432 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Carrier Global by 0.6% during the third quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock valued at $903,807,000 after acquiring an additional 90,585 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Carrier Global by 6.3% during the second quarter. Brown Advisory Inc. now owns 10,281,880 shares of the company’s stock valued at $752,533,000 after acquiring an additional 607,901 shares during the last quarter. Finally, Norges Bank purchased a new stake in Carrier Global during the 2nd quarter worth about $524,939,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE CARR opened at $58.73 on Tuesday. The business’s 50-day moving average price is $59.61 and its 200 day moving average price is $58.40. 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 twelve month low of $50.24 and a twelve month high of $81.09. The company has a market capitalization of $49.06 billion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 2.34 and a beta of 1.32.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter last year, the firm earned $0.54 EPS. The firm’s quarterly 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. On average, research analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on CARR shares. Royal Bank Of Canada boosted their target price on shares of Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. Wells Fargo & Company boosted their price objective on shares of Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Robert W. Baird upped their price objective on shares of Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Finally, Mizuho decreased their target price on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $70.82.

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.