Chevy Chase Trust Holdings LLC Cuts Stake in Carrier Global Corporation $CARR

Chevy Chase Trust Holdings LLC lessened its stake in shares of Carrier Global Corporation (NYSE:CARR) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 411,660 shares of the company’s stock after selling 12,970 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Carrier Global were worth $24,576,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Spirepoint Private Client LLC boosted its stake in Carrier Global by 547.7% during the 3rd quarter. Spirepoint Private Client LLC now owns 60,694 shares of the company’s stock worth $3,623,000 after purchasing an additional 51,324 shares during the last quarter. Becker Capital Management Inc. grew its holdings in shares of Carrier Global by 5.6% during the third quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock worth $25,405,000 after buying an additional 22,377 shares in the last quarter. Foster Victor Wealth Advisors LLC raised its position in shares of Carrier Global by 24.1% in the third quarter. Foster Victor Wealth Advisors LLC now owns 216,777 shares of the company’s stock valued at $12,931,000 after buying an additional 42,161 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of Carrier Global in the third quarter worth about $1,986,000. Finally, Brookstone Capital Management lifted its stake in shares of Carrier Global by 220.8% in the third quarter. Brookstone Capital Management now owns 51,852 shares of the company’s stock worth $3,096,000 after buying an additional 35,691 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of CARR stock opened at $55.85 on Tuesday. 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 company has a market capitalization of $46.66 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 2.27 and a beta of 1.32. The firm’s 50-day moving average is $59.98 and its two-hundred day moving average is $58.06. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results 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). The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CARR shares. Morgan Stanley set a $55.00 price objective on shares of Carrier Global in a research note on Thursday, January 8th. Zacks Research cut Carrier Global from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. The Goldman Sachs Group upped their price target on Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Rothschild & Co Redburn cut their price target on Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Finally, Argus lifted their price objective on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.