Groupama Asset Managment Decreases Stock Holdings in Carrier Global Corporation $CARR

Groupama Asset Managment reduced its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 66.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,981 shares of the company’s stock after selling 9,935 shares during the quarter. Groupama Asset Managment’s holdings in Carrier Global were worth $297,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Ironwood Investment Counsel LLC boosted its holdings in Carrier Global by 4.6% in the third quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock valued at $244,000 after purchasing an additional 181 shares in the last quarter. River Wealth Advisors LLC grew its position in shares of Carrier Global by 2.2% in the 2nd quarter. River Wealth Advisors LLC now owns 8,603 shares of the company’s stock valued at $630,000 after buying an additional 184 shares during the last quarter. HCR Wealth Advisors raised its stake in Carrier Global by 4.3% during the 3rd quarter. HCR Wealth Advisors now owns 4,673 shares of the company’s stock worth $275,000 after acquiring an additional 193 shares in the last quarter. Diversified Trust Co raised its stake in Carrier Global by 1.1% during the 3rd quarter. Diversified Trust Co now owns 17,444 shares of the company’s stock worth $1,041,000 after acquiring an additional 194 shares in the last quarter. Finally, World Investment Advisors lifted its position in Carrier Global by 2.4% in the third quarter. World Investment Advisors now owns 8,517 shares of the company’s stock valued at $508,000 after acquiring an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CARR shares. Argus upped their target price on Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Royal Bank Of Canada lifted their price target on Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Rothschild & Co Redburn reduced their price objective on Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, January 21st. Zacks Research downgraded Carrier Global from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $70.82.

Carrier Global Stock Down 1.4%

CARR opened at $58.13 on Friday. 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 market cap of $48.57 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 2.37 and a beta of 1.32. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The business’s fifty day moving average is $60.30 and its two-hundred day moving average is $57.92.

Carrier Global (NYSE:CARR) last announced 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). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter in the prior year, the business earned $0.54 EPS. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global 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.