Confluence Investment Management LLC Sells 23,482 Shares of Carrier Global Corporation $CARR

Confluence Investment Management LLC trimmed its position in Carrier Global Corporation (NYSE:CARR) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 210,732 shares of the company’s stock after selling 23,482 shares during the quarter. Confluence Investment Management LLC’s holdings in Carrier Global were worth $11,135,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors boosted its stake in shares of Carrier Global by 6.7% in the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after purchasing an additional 3,630,524 shares during the last quarter. JPMorgan Chase & Co. grew its position 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 buying an additional 7,409,432 shares during the period. State Street Corp raised its stake in shares of Carrier Global by 1.4% during the third quarter. State Street Corp now owns 33,377,339 shares of the company’s stock worth $1,992,627,000 after buying an additional 473,692 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Carrier Global by 0.6% during the third quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after buying an additional 90,585 shares during the last quarter. Finally, Dodge & Cox lifted its holdings in Carrier Global by 5.1% in the third quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock valued at $801,634,000 after buying an additional 651,648 shares during the period. 91.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Robert W. Baird raised their price objective on shares of Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Barclays cut their price target on Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Argus raised their price target on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Zacks Research cut Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Finally, Rothschild & Co Redburn dropped their price objective on Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $70.82.

Carrier Global Stock Up 2.3%

Shares of Carrier Global stock opened at $58.96 on Friday. The company has a market capitalization of $49.26 billion, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The business has a 50-day moving average of $60.26 and a two-hundred day moving average of $58.00. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09.

Carrier Global (NYSE:CARR) last released its quarterly earnings data 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 the consensus estimate of $5.05 billion. During the same quarter last year, the firm earned $0.54 EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts predict that Carrier Global Corporation will post 2.99 EPS for the current year.

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.