Carrier Global Corporation $CARR Shares Sold by Barden Capital Management Inc.

Barden Capital Management Inc. trimmed its position in shares of Carrier Global Corporation (NYSE:CARR) by 35.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,899 shares of the company’s stock after selling 9,686 shares during the quarter. Barden Capital Management Inc.’s holdings in Carrier Global were worth $946,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CARR. Capital International Investors lifted its holdings in shares of Carrier Global by 6.7% in the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after acquiring an additional 3,630,524 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Carrier Global by 23.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock valued at $2,820,485,000 after purchasing an additional 7,409,432 shares in the last quarter. State Street Corp increased its holdings in shares of Carrier Global by 1.4% in the 3rd quarter. State Street Corp now owns 33,377,339 shares of the company’s stock valued at $1,992,627,000 after acquiring an additional 473,692 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Carrier Global by 0.6% during the third quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after purchasing an additional 90,585 shares in the last quarter. Finally, Dodge & Cox increased its position in shares of Carrier Global by 5.1% during the third quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock worth $801,634,000 after purchasing an additional 651,648 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Up 2.3%

Shares of NYSE:CARR opened at $58.96 on Friday. The stock has a market capitalization of $49.26 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 2.35 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. The company has a 50 day moving average price of $60.26 and a 200 day moving average price of $58.00. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09.

Carrier Global (NYSE:CARR) last released its 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 return on equity of 15.30% and a net margin of 6.82%.The business’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the business earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Rothschild & Co Redburn decreased 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. CICC Research cut their price objective on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Royal Bank Of Canada upped their price objective on Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Argus raised their price objective on Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Finally, Wolfe Research boosted their price target on Carrier Global from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.82.

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.