Carrier Global Corporation $CARR Shares Sold by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC lessened its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 51.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,260 shares of the company’s stock after selling 32,156 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in Carrier Global were worth $1,807,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in shares of Carrier Global by 23.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock worth $2,820,485,000 after purchasing an additional 7,409,432 shares during the last quarter. Norges Bank purchased a new position in Carrier Global during the second quarter worth approximately $524,939,000. Capital International Investors boosted its stake 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 buying an additional 3,630,524 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Carrier Global by 1,742.8% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,623,000 shares of the company’s stock valued at $265,167,000 after buying an additional 3,426,395 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in shares of Carrier Global by 63.6% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,952,738 shares of the company’s stock worth $362,491,000 after acquiring an additional 1,924,804 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of CARR opened at $58.73 on Tuesday. The company has a 50-day simple moving average of $59.61 and a 200-day simple moving average of $58.40. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. The company has a market capitalization 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 for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter last year, the business posted $0.54 earnings per share. The business’s 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 research analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CARR shares. Mizuho dropped their price objective on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Rothschild & Co Redburn decreased their target price on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. Morgan Stanley set a $55.00 price target on shares of Carrier Global in a report on Thursday, January 8th. CICC Research decreased their price objective on Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Finally, Wells Fargo & Company upped their price objective 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. Twelve equities 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, Carrier Global has a consensus rating of “Moderate Buy” and a consensus 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.