Banque Cantonale Vaudoise Reduces Stock Position in Carrier Global Corporation $CARR

Banque Cantonale Vaudoise cut its position in Carrier Global Corporation (NYSE:CARR) by 33.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,683 shares of the company’s stock after selling 10,893 shares during the period. Banque Cantonale Vaudoise’s holdings in Carrier Global were worth $1,295,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Winnow Wealth LLC purchased a new stake in Carrier Global in the 2nd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Carrier Global in the 2nd quarter valued at $26,000. Clayton Financial Group LLC purchased a new stake in Carrier Global during the third quarter worth $26,000. Traub Capital Management LLC acquired a new stake in Carrier Global during the second quarter valued at $27,000. Finally, Salomon & Ludwin LLC increased its holdings in Carrier Global by 460.5% in the third quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock valued at $29,000 after buying an additional 396 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CARR shares. The Goldman Sachs Group upped their price objective on shares of Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Citigroup upped their price target on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Royal Bank Of Canada boosted their price objective on Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. upped their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Finally, Wolfe Research lifted their price target on shares of Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. 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. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average price target of $70.82.

Carrier Global Price Performance

Shares of NYSE CARR opened at $58.73 on Thursday. The firm has a 50-day simple moving average of $59.83 and a 200-day simple moving average of $58.34. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $49.07 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 2.38 and a beta of 1.32. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 15.30% and a net margin of 6.82%.The business’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities analysts predict that Carrier Global Corporation will post 2.99 earnings per share 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.