Natixis Advisors LLC Lowers Stake in Carrier Global Corporation $CARR

Natixis Advisors LLC reduced its position in Carrier Global Corporation (NYSE:CARR) by 15.5% in the 3rd quarter, Holdings Channel reports. The fund owned 236,908 shares of the company’s stock after selling 43,304 shares during the period. Natixis Advisors LLC’s holdings in Carrier Global were worth $14,143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CARR. Brighton Jones LLC increased its position in Carrier Global by 30.3% during the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares during the last quarter. AQR Capital Management LLC raised its position in Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after purchasing an additional 23,200 shares during the period. United Bank boosted its holdings in Carrier Global by 41.2% in the 2nd quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after acquiring an additional 4,956 shares during the period. Schnieders Capital Management LLC. grew its holdings in Carrier Global by 33.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after purchasing an additional 4,277 shares in the last quarter. Finally, AE Wealth Management LLC grew its stake in shares of Carrier Global by 25.8% during the second quarter. AE Wealth Management LLC now owns 11,023 shares of the company’s stock valued at $807,000 after acquiring an additional 2,264 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

NYSE CARR opened at $56.38 on Friday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week 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. The stock has a market cap of $47.10 billion, a price-to-earnings ratio of 32.97, a price-to-earnings-growth ratio of 2.39 and a beta of 1.32. The company has a 50-day moving average price of $59.90 and a two-hundred day moving average price of $58.33.

Carrier Global (NYSE:CARR) last released 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 the consensus estimate of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wolfe Research raised their price target on shares of Carrier Global from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. lifted their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Robert W. Baird boosted their price target on Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Mizuho dropped their price target on Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Finally, UBS Group reduced their price objective on Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.