Carrier Global Corporation $CARR Shares Acquired by Magnetar Financial LLC

Magnetar Financial LLC lifted its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 851.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,189 shares of the company’s stock after acquiring an additional 99,500 shares during the period. Magnetar Financial LLC’s holdings in Carrier Global were worth $6,638,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CARR. Capital International Sarl raised its holdings in Carrier Global by 6.4% during the third quarter. Capital International Sarl now owns 842,621 shares of the company’s stock worth $50,304,000 after purchasing an additional 50,325 shares in the last quarter. Capital International Inc. CA boosted its holdings in shares of Carrier Global by 11.8% in the 3rd quarter. Capital International Inc. CA now owns 1,247,580 shares of the company’s stock valued at $74,481,000 after buying an additional 132,124 shares in the last quarter. Causeway Capital Management LLC acquired a new position in shares of Carrier Global in the 3rd quarter valued at $87,549,000. Capital International Investors grew its position in shares of Carrier Global by 6.7% in the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after buying an additional 3,630,524 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of Carrier Global by 18.6% in the 3rd quarter. Bank of Montreal Can now owns 615,606 shares of the company’s stock valued at $36,752,000 after buying an additional 96,396 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $58.33 on Wednesday. The firm’s fifty day simple moving average is $59.71 and its 200-day simple moving average is $58.34. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The stock has a market capitalization of $48.73 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 2.39 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.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Mizuho reduced their price target on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Argus raised their price objective on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Robert W. Baird lifted their target price on Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Wells Fargo & Company boosted their target price on Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Finally, CICC Research decreased their target price on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.