Carrier Global Corporation $CARR Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its stake in shares of Carrier Global Corporation (NYSE:CARR) by 15.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 236,908 shares of the company’s stock after selling 43,304 shares during the period. Natixis Advisors LLC’s holdings in Carrier Global were worth $14,143,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Spirepoint Private Client LLC increased its position in shares of Carrier Global by 547.7% in the third quarter. Spirepoint Private Client LLC now owns 60,694 shares of the company’s stock valued at $3,623,000 after buying an additional 51,324 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its position in Carrier Global by 24.1% during the third quarter. Foster Victor Wealth Advisors LLC now owns 216,777 shares of the company’s stock worth $12,931,000 after acquiring an additional 42,161 shares during the last quarter. Becker Capital Management Inc. grew its position in shares of Carrier Global by 5.6% in the third quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock valued at $25,405,000 after purchasing an additional 22,377 shares in the last quarter. Oak Thistle LLC purchased a new stake in Carrier Global in the 3rd quarter valued at $1,986,000. Finally, Deprince Race & Zollo Inc. acquired a new stake in Carrier Global during the third quarter worth about $20,678,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. UBS Group reduced their price target on Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Wells Fargo & Company boosted their target price on shares of Carrier Global from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. CICC Research cut their price objective on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Finally, Barclays decreased their target price on Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and an average price target of $70.82.

Carrier Global Price Performance

Carrier Global stock opened at $56.38 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. The business has a fifty day moving average of $59.90 and a two-hundred day moving average of $58.33. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The company has a market cap of $47.10 billion, a P/E ratio of 32.97, a price-to-earnings-growth ratio of 2.39 and a beta of 1.32.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $4.84 billion during 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 company’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the business posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

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.