Carrier Global Corporation $CARR Shares Acquired by PineStone Asset Management Inc.

PineStone Asset Management Inc. grew its holdings in Carrier Global Corporation (NYSE:CARR) by 34.6% in the 4th quarter, HoldingsChannel reports. The firm owned 7,153,429 shares of the company’s stock after purchasing an additional 1,837,985 shares during the quarter. Carrier Global makes up 2.3% of PineStone Asset Management Inc.’s holdings, making the stock its 14th biggest holding. PineStone Asset Management Inc.’s holdings in Carrier Global were worth $377,987,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. KERR FINANCIAL PLANNING Corp purchased a new stake in Carrier Global during the 3rd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in Carrier Global in the 2nd quarter valued at approximately $26,000. Clayton Financial Group LLC purchased a new position in Carrier Global in the 3rd quarter valued at approximately $26,000. Global Wealth Strategies & Associates grew its stake in shares of Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after acquiring an additional 300 shares in the last quarter. Finally, True Wealth Design LLC grew its stake in shares of Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after acquiring an additional 427 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the topic of several analyst reports. Morgan Stanley set a $55.00 price objective on Carrier Global in a research note on Thursday, January 8th. JPMorgan Chase & Co. boosted their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Barclays cut their price target on Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Royal Bank Of Canada increased their price target on Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Finally, The Goldman Sachs Group lifted their price objective on Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.82.

Carrier Global Price Performance

Shares of CARR opened at $56.27 on Wednesday. The firm has a market capitalization of $47.01 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 2.22 and a beta of 1.32. The firm’s fifty day simple moving average is $60.43 and its 200-day simple moving average is $57.54. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. 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 (NYSE:CARR) last issued its earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm 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 business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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 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.