Capital World Investors Has $1.62 Billion Position in Carrier Global Corporation $CARR

Capital World Investors lessened its stake in shares of Carrier Global Corporation (NYSE:CARR) by 5.9% during the third quarter, Holdings Channel.com reports. The firm owned 27,152,708 shares of the company’s stock after selling 1,690,424 shares during the period. Capital World Investors’ holdings in Carrier Global were worth $1,620,942,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares in the last quarter. AQR Capital Management LLC raised its stake in Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after buying an additional 23,200 shares in the last quarter. United Bank increased its stake in shares of Carrier Global by 41.2% during the second quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after purchasing an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in Carrier Global by 33.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after acquiring an additional 4,277 shares during the last quarter. Finally, Savant Capital LLC boosted its stake in shares of Carrier Global by 10.8% in the 2nd quarter. Savant Capital LLC now owns 49,953 shares of the company’s stock worth $3,656,000 after buying an additional 4,885 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $58.73 on Tuesday. The company has a market cap of $49.06 billion, a PE ratio of 34.34, a P/E/G ratio of 2.34 and a beta of 1.32. The firm has a 50-day simple moving average of $59.61 and a 200 day simple moving average of $58.40. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. 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 announced its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same period in the prior year, the firm earned $0.54 EPS. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, sell-side analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on CARR. Robert W. Baird upped their target price on shares of Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. The Goldman Sachs Group lifted their price target on shares of Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, February 6th. CICC Research reduced their price target on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Carrier Global in a report on Monday, December 29th. Finally, UBS Group decreased their target price on Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Twelve investment 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. According to data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $70.82.

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.