Carrier Global (NYSE:CARR) Upgraded at Wells Fargo & Company

Carrier Global (NYSE:CARR) was upgraded by investment analysts at Wells Fargo & Company to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.

A number of other research firms have also recently commented on CARR. Sanford C. Bernstein reissued a “market perform” rating and set a $78.00 target price on shares of Carrier Global in a research report on Thursday, July 30th. Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Carrier Global in a report on Thursday, July 9th. Morgan Stanley upped their price target on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Finally, Citigroup raised their price objective on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.38.

Carrier Global Price Performance

CARR opened at $56.31 on Thursday. The firm has a market capitalization of $46.42 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 2.11 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. The business’s 50-day moving average is $60.58 and its two-hundred day moving average is $63.01. Carrier Global has a 1 year low of $50.24 and a 1 year high of $76.76.

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

Institutional Trading of Carrier Global

Several large investors have recently bought and sold shares of CARR. QRG Capital Management Inc. increased its position in shares of Carrier Global by 15.5% in the 2nd quarter. QRG Capital Management Inc. now owns 152,176 shares of the company’s stock valued at $11,162,000 after acquiring an additional 20,372 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Carrier Global by 19.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 19,189 shares of the company’s stock worth $1,407,000 after acquiring an additional 3,131 shares during the period. Anchor Investment Management LLC grew its stake in Carrier Global by 25.8% during the 2nd quarter. Anchor Investment Management LLC now owns 4,551 shares of the company’s stock valued at $334,000 after purchasing an additional 934 shares during the last quarter. Reynders McVeigh Capital Management LLC increased its holdings in shares of Carrier Global by 3.0% in the second quarter. Reynders McVeigh Capital Management LLC now owns 918,219 shares of the company’s stock valued at $67,351,000 after purchasing an additional 27,061 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Carrier Global by 21.7% in the second quarter. Sequoia Financial Advisors LLC now owns 37,802 shares of the company’s stock valued at $2,773,000 after purchasing an additional 6,733 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

About Carrier Global

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air conditioning (HVAC) systems and related controls, building automation technologies, and services designed to improve indoor comfort, energy efficiency and building performance.

Carrier also provides refrigeration equipment and systems for commercial, industrial and transportation applications, supporting food preservation and cold-chain operations.