Carrier Global Corporation $CARR Stake Boosted by AIA Group Ltd

AIA Group Ltd lifted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 15.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 216,721 shares of the company’s stock after purchasing an additional 29,782 shares during the quarter. AIA Group Ltd’s holdings in Carrier Global were worth $12,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Twin Peaks Wealth Advisors LLC bought a new position in shares of Carrier Global during the second quarter worth about $26,000. Winnow Wealth LLC bought a new stake in Carrier Global in the 2nd quarter valued at about $26,000. Traub Capital Management LLC bought a new stake in Carrier Global in the 2nd quarter valued at about $27,000. KERR FINANCIAL PLANNING Corp acquired a new position in Carrier Global during the 3rd quarter valued at about $25,000. Finally, Clayton Financial Group LLC bought a new position in Carrier Global in the 3rd quarter worth about $26,000. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on CARR shares. CICC Research dropped their price target on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Argus increased 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. JPMorgan Chase & Co. raised their target price on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Mizuho cut their target price on Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Finally, Wells Fargo & Company boosted their price target on Carrier Global from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $70.82.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $57.62 on Thursday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. The stock has a market cap of $48.14 billion, a PE ratio of 33.69, a price-to-earnings-growth ratio of 2.32 and a beta of 1.32. The company’s 50-day moving average price is $60.16 and its two-hundred day moving average price is $58.00.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, sell-side analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

About Carrier Global

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.