Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 19,018 Shares of Carrier Global Corporation $CARR

Empirical Financial Services LLC d.b.a. Empirical Wealth Management cut its stake in shares of Carrier Global Corporation (NYSE:CARR) by 54.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,922 shares of the company’s stock after selling 19,018 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Carrier Global were worth $841,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Carrier Global in the second quarter worth $26,000. KERR FINANCIAL PLANNING Corp bought a new position in Carrier Global in the third quarter valued at about $25,000. Clayton Financial Group LLC bought a new position in Carrier Global in the third quarter valued at about $26,000. Salomon & Ludwin LLC boosted its position in Carrier Global by 460.5% in the third quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $29,000 after purchasing an additional 396 shares during the last quarter. Finally, True Wealth Design LLC boosted its position in Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after purchasing an additional 427 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CARR. Citigroup upped their price target on shares of Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, February 6th. UBS Group dropped their price objective on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Wolfe Research boosted their target price on shares of Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Rothschild & Co Redburn reduced their target price on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Finally, CICC Research decreased 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 report on Wednesday, February 11th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.15.

Carrier Global Trading Up 0.1%

Carrier Global stock opened at $55.79 on Friday. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The firm has a market capitalization of $46.61 billion, a price-to-earnings ratio of 32.62, a P/E/G ratio of 2.27 and a beta of 1.32. The firm has a 50 day moving average of $60.35 and a 200 day moving average of $57.47. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR) last issued 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 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%. Carrier Global’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, research analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Company 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.