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 lessened its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 54.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital International Investors lifted its position in Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after buying an additional 3,630,524 shares during the period. Ameriprise Financial Inc. grew its position in shares of Carrier Global by 506.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock worth $249,977,000 after buying an additional 3,496,372 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Carrier Global by 1,742.8% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,623,000 shares of the company’s stock worth $265,167,000 after acquiring an additional 3,426,395 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Carrier Global by 461.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after acquiring an additional 2,022,136 shares in the last quarter. Finally, PineStone Asset Management Inc. lifted its position in Carrier Global by 34.6% during the 4th quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock valued at $377,987,000 after acquiring an additional 1,837,985 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE CARR opened at $55.79 on Friday. The firm has a market cap of $46.61 billion, a P/E ratio of 32.62, a PEG ratio of 2.27 and a beta of 1.32. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. 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 company has a 50 day moving average of $60.35 and a 200 day moving average of $57.47.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, research analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Morgan Stanley set a $55.00 price objective on shares of Carrier Global in a research note on Thursday, January 8th. Mizuho lowered their target price on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Rothschild & Co Redburn dropped their price target on Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 21st. Wolfe Research upped 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. Finally, CICC Research reduced their price objective on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.15.

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.