Swiss National Bank Sells 129,700 Shares of Carrier Global Corporation $CARR

Swiss National Bank trimmed its stake in shares of Carrier Global Corporation (NYSE:CARR) by 5.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,224,185 shares of the company’s stock after selling 129,700 shares during the period. Swiss National Bank owned 0.26% of Carrier Global worth $132,784,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Carrier Global by 0.5% in the second quarter. Vanguard Group Inc. now owns 93,373,143 shares of the company’s stock worth $6,833,980,000 after purchasing an additional 450,594 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Carrier Global by 23.8% during the second quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock valued at $2,820,485,000 after buying an additional 7,409,432 shares during the last quarter. Fisher Asset Management LLC increased its stake in Carrier Global by 0.6% in the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after acquiring an additional 90,585 shares during the last quarter. Brown Advisory Inc. increased its stake in Carrier Global by 6.3% in the 2nd quarter. Brown Advisory Inc. now owns 10,281,880 shares of the company’s stock worth $752,533,000 after acquiring an additional 607,901 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Carrier Global during the 2nd quarter worth approximately $524,939,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several 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 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 report on Friday, February 6th. Zacks Research cut shares of Carrier Global from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Barclays lowered their price target on shares of Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Finally, Morgan Stanley set a $55.00 price objective on Carrier Global in a research note on Thursday, January 8th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.82.

Carrier Global Stock Performance

Shares of NYSE:CARR opened at $58.33 on Wednesday. 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 12 month low of $50.24 and a 12 month high of $81.09. The company 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 firm’s 50-day moving average is $59.71 and its 200 day moving average is $58.34.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Research analysts predict that Carrier Global Corporation will post 2.99 EPS for the current 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.