Capital Group Private Client Services Inc. Cuts Stock Holdings in Carrier Global Corporation $CARR

Capital Group Private Client Services Inc. lessened its stake in Carrier Global Corporation (NYSE:CARR) by 70.0% during the third quarter, Holdings Channel reports. The firm owned 163,598 shares of the company’s stock after selling 381,858 shares during the period. Capital Group Private Client Services Inc.’s holdings in Carrier Global were worth $9,767,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CARR. Winnow Wealth LLC purchased a new position in shares of Carrier Global in the 2nd quarter worth $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Carrier Global in the second quarter valued at $26,000. Clayton Financial Group LLC purchased a new stake in Carrier Global during the third quarter valued at about $26,000. Traub Capital Management LLC purchased a new stake in Carrier Global during the second quarter valued at about $27,000. Finally, Salomon & Ludwin LLC increased its stake in Carrier Global by 460.5% during the third quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $29,000 after acquiring an additional 396 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Trading Up 0.6%

Shares of CARR opened at $58.73 on Tuesday. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The stock’s 50-day moving average is $59.61 and its two-hundred day moving average is $58.40. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The stock 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.

Carrier Global (NYSE:CARR) last posted 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). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter last year, the business posted $0.54 EPS. Carrier Global’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. Equities analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wolfe Research lifted their price objective on Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Citigroup increased their target price on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Zacks Research lowered shares of Carrier Global from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. 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 report on Friday, February 6th. Finally, UBS Group decreased their price objective on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Twelve 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, the stock currently has an average rating of “Moderate Buy” and an average target price 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.