Cinctive Capital Management LP Takes $1.18 Million Position in Carrier Global Corporation $CARR

Cinctive Capital Management LP purchased a new stake in Carrier Global Corporation (NYSE:CARR) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,807 shares of the company’s stock, valued at approximately $1,182,000.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC grew its position in shares of Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after buying an additional 23,200 shares in the last quarter. United Bank boosted its stake in shares of Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after buying an additional 4,956 shares during the period. Schnieders Capital Management LLC. boosted its stake in shares of Carrier Global by 33.7% in the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after buying an additional 4,277 shares during the period. Finally, Foundations Investment Advisors LLC grew its position in Carrier Global by 9.0% during the second quarter. Foundations Investment Advisors LLC now owns 7,212 shares of the company’s stock worth $528,000 after buying an additional 593 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CARR shares. Citigroup raised their price objective on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Wolfe Research increased their target price on Carrier Global from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. CICC Research decreased their price target on Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. Finally, Robert W. Baird upped their price objective on shares of Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Twelve 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. According to data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.82.

Carrier Global Price Performance

Carrier Global stock opened at $55.85 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The stock has a market capitalization of $46.66 billion, a P/E ratio of 32.66, a price-to-earnings-growth ratio of 2.27 and a beta of 1.32. The stock has a fifty day moving average of $59.98 and a 200-day moving average of $58.06.

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 during the quarter, compared to analyst estimates of $5.05 billion. During the same period last year, the business earned $0.54 earnings per share. 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. On average, sell-side analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal 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.