Segall Bryant & Hamill LLC Reduces Position in Carrier Global Corporation $CARR

Segall Bryant & Hamill LLC trimmed its holdings in Carrier Global Corporation (NYSE:CARR) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 254,627 shares of the company’s stock after selling 8,528 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Carrier Global were worth $15,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Spirepoint Private Client LLC increased its holdings 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 purchasing an additional 51,324 shares during the period. Foster Victor Wealth Advisors LLC boosted its position in Carrier Global by 24.1% in the third quarter. Foster Victor Wealth Advisors LLC now owns 216,777 shares of the company’s stock valued at $12,931,000 after buying an additional 42,161 shares during the last quarter. Oak Thistle LLC acquired a new position in Carrier Global in the 3rd quarter worth approximately $1,986,000. Brookstone Capital Management raised its position in Carrier Global by 220.8% during the 3rd quarter. Brookstone Capital Management now owns 51,852 shares of the company’s stock worth $3,096,000 after buying an additional 35,691 shares during the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new stake in Carrier Global during the 3rd quarter valued at approximately $20,678,000. 91.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Argus increased their price target on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Barclays decreased their price objective on Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Royal Bank Of Canada raised their target price on Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, Wells Fargo & Company boosted their price target on Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and an average price target of $70.82.

Carrier Global Stock Performance

NYSE CARR opened at $61.08 on Wednesday. The stock has a market capitalization of $51.05 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 2.56 and a beta of 1.32. The stock has a 50-day moving average of $59.11 and a 200 day moving average of $58.59. 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.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 earnings per share. 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. Sell-side analysts anticipate 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.