HighTower Advisors LLC Reduces Position in Carrier Global Corporation $CARR

HighTower Advisors LLC decreased its holdings in Carrier Global Corporation (NYSE:CARR) by 7.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 772,597 shares of the company’s stock after selling 60,021 shares during the quarter. HighTower Advisors LLC’s holdings in Carrier Global were worth $56,670,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Dynamic Advisor Solutions LLC grew its holdings in shares of Carrier Global by 2.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock valued at $426,000 after buying an additional 158 shares during the period. Aigen Investment Management LP increased its position in shares of Carrier Global by 0.3% in the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after buying an additional 166 shares in the last quarter. Advisory Alpha LLC raised its stake in Carrier Global by 2.9% during the 4th quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after buying an additional 171 shares during the period. Texas Bank & Trust Co raised its stake in Carrier Global by 1.3% during the 1st quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock worth $742,000 after buying an additional 175 shares during the period. Finally, Advisor OS LLC lifted its holdings in Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after acquiring an additional 178 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

CARR opened at $59.69 on Tuesday. The business’s 50-day moving average price is $64.39 and its two-hundred day moving average price is $63.67. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The company has a market capitalization of $49.20 billion, a price-to-earnings ratio of 41.45, a P/E/G ratio of 2.30 and a beta of 1.30. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.Carrier Global’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts expect that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CARR. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. Citigroup raised their price target on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Sanford C. Bernstein reiterated a “market perform” rating and set a $78.00 price objective on shares of Carrier Global in a report on Thursday, July 30th. JPMorgan Chase & Co. increased their target price on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Morgan Stanley raised their target price on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Company 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.