Carrier Global Corporation $CARR Shares Sold by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC decreased its stake in Carrier Global Corporation (NYSE:CARR) by 42.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,481 shares of the company’s stock after selling 10,693 shares during the period. Trueblood Wealth Management LLC’s holdings in Carrier Global were worth $765,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors boosted its position in Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after purchasing an additional 3,630,524 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Carrier Global by 506.1% in the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock valued at $249,977,000 after buying an additional 3,496,372 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Carrier Global by 1,742.8% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,623,000 shares of the company’s stock worth $265,167,000 after buying an additional 3,426,395 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Carrier Global by 461.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after buying an additional 2,022,136 shares in the last quarter. Finally, PineStone Asset Management Inc. boosted its position in shares of Carrier Global by 34.6% in the 4th quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock worth $377,987,000 after buying an additional 1,837,985 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 0.1%

Shares of NYSE CARR opened at $55.79 on Monday. The firm has a market cap of $46.61 billion, a P/E ratio of 32.62, a price-to-earnings-growth ratio of 2.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The firm’s 50 day moving average price is $60.35 and its 200 day moving average price is $57.44.

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

Analysts Set New Price Targets

CARR has been the subject of several recent research reports. Robert W. Baird raised their target price on shares of Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Morgan Stanley set a $55.00 price target on shares of Carrier Global in a report on Thursday, January 8th. Zacks Research cut shares of Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. UBS Group cut their price objective on Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Finally, Wolfe Research upped their price objective on Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.15.

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.