Carrier Global Corporation $CARR Shares Sold by Groupama Asset Managment

Groupama Asset Managment lowered its stake in Carrier Global Corporation (NYSE:CARR) by 66.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,981 shares of the company’s stock after selling 9,935 shares during the period. Groupama Asset Managment’s holdings in Carrier Global were worth $297,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Carrier Global in the third quarter valued at $25,000. CIBC Private Wealth Group LLC increased its position in Carrier Global by 0.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 108,352 shares of the company’s stock worth $6,469,000 after purchasing an additional 333 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Carrier Global during the 3rd quarter worth about $6,528,000. Avity Investment Management Inc. raised its stake in Carrier Global by 4.3% in the 3rd quarter. Avity Investment Management Inc. now owns 443,914 shares of the company’s stock valued at $26,502,000 after purchasing an additional 18,242 shares during the last quarter. Finally, Danske Bank A S purchased a new position in Carrier Global in the 3rd quarter valued at about $17,567,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Down 1.4%

Shares of CARR opened at $58.13 on Friday. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The stock’s 50-day moving average is $60.30 and its two-hundred day moving average is $57.92. 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 stock has a market cap of $48.57 billion, a PE ratio of 34.00, a P/E/G ratio of 2.37 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced 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 company had revenue of $4.84 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CARR has been the topic of several analyst reports. Argus raised their price target on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. CICC Research reduced their price objective 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. Wells Fargo & Company raised their target price on shares of Carrier Global from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. Rothschild & Co Redburn lowered their target price on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, January 21st. Finally, UBS Group reduced their price target on Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and an average target price 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.