Burgundy Asset Management Ltd. Has $75.99 Million Position in Carrier Global Corporation $CARR

Burgundy Asset Management Ltd. lessened its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 13.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,165,423 shares of the company’s stock after selling 182,865 shares during the period. Burgundy Asset Management Ltd.’s holdings in Carrier Global were worth $75,986,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Kingsview Wealth Management LLC increased its position in Carrier Global by 1.0% in the 2nd quarter. Kingsview Wealth Management LLC now owns 17,110 shares of the company’s stock valued at $1,252,000 after acquiring an additional 165 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Carrier Global by 0.6% during the second quarter. Empirical Finance LLC now owns 29,227 shares of the company’s stock worth $2,139,000 after purchasing an additional 168 shares in the last quarter. Poehling Capital Management INC. grew its stake in shares of Carrier Global by 0.4% during the second quarter. Poehling Capital Management INC. now owns 38,397 shares of the company’s stock valued at $2,810,000 after purchasing an additional 169 shares during the last quarter. PKS Advisory Services LLC increased its holdings in shares of Carrier Global by 3.5% in the second quarter. PKS Advisory Services LLC now owns 5,098 shares of the company’s stock valued at $373,000 after purchasing an additional 173 shares in the last quarter. Finally, NewSquare Capital LLC raised its position in Carrier Global by 41.1% in the 2nd quarter. NewSquare Capital LLC now owns 597 shares of the company’s stock worth $44,000 after purchasing an additional 174 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Trading Up 0.1%

Shares of NYSE CARR opened at $61.21 on Thursday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The stock has a market cap of $51.16 billion, a price-to-earnings ratio of 35.80, a P/E/G ratio of 2.45 and a beta of 1.32. 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’s fifty day moving average is $59.27 and its 200-day moving average is $58.61.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data 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 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 period in the previous year, the business posted $0.54 EPS. The business’s quarterly 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 EPS for the current year.

Analysts Set New Price Targets

CARR has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Wolfe Research raised their price target on Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Argus boosted their price objective on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Barclays cut their target price on shares of Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Finally, Citigroup boosted 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. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.