Carrier Global Corporation $CARR Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 79.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,828 shares of the company’s stock after selling 212,000 shares during the period. Gabelli Funds LLC’s holdings in Carrier Global were worth $3,273,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Carrier Global in the second quarter valued at approximately $26,000. Winnow Wealth LLC purchased a new position in Carrier Global in the second quarter worth $26,000. Traub Capital Management LLC acquired a new stake in Carrier Global in the second quarter valued at $27,000. Clayton Financial Group LLC acquired a new stake in Carrier Global in the third quarter valued at $26,000. Finally, Salomon & Ludwin LLC boosted its position in shares of Carrier Global by 460.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $29,000 after purchasing an additional 396 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of CARR opened at $58.33 on Wednesday. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The stock has a market cap of $48.73 billion, a P/E ratio of 34.11, a PEG ratio of 2.39 and a beta of 1.32. 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 company has a 50-day moving average of $59.71 and a two-hundred day moving average of $58.34.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.34 EPS 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 during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the prior year, the company earned $0.54 earnings per share. The firm’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, research analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of recent analyst reports. Citigroup upped their price target on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Rothschild & Co Redburn decreased their price objective 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. Wolfe Research upped their target price 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. Mizuho dropped their target price 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. Finally, Barclays reduced their price target on shares of Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. 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, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $70.82.

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.