Aptus Capital Advisors LLC Sells 95,710 Shares of Carrier Global Corporation $CARR

Aptus Capital Advisors LLC reduced its stake in shares of Carrier Global Corporation (NYSE:CARR) by 90.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,368 shares of the company’s stock after selling 95,710 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Carrier Global were worth $619,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Winnow Wealth LLC acquired a new position in Carrier Global during the second quarter valued at 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 acquired a new position in shares of Carrier Global in the 3rd quarter valued at $26,000. Traub Capital Management LLC bought a new stake in shares of Carrier Global in the 2nd quarter valued at $27,000. Finally, Salomon & Ludwin LLC raised its stake in Carrier Global by 460.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $29,000 after buying an additional 396 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CARR has been the topic of several recent analyst reports. UBS Group reduced their target price on Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, January 5th. JPMorgan Chase & Co. raised their price target on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Citigroup lifted their price objective on Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 6th. Barclays decreased their price objective on Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Finally, Argus increased their target price on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $70.82.

Carrier Global Stock Performance

CARR opened at $58.33 on Wednesday. The company has a market capitalization of $48.73 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 2.39 and a beta of 1.32. The business’s 50-day moving average price is $59.71 and its two-hundred day moving average price is $58.34. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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). Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same period in the prior year, the company earned $0.54 earnings per share. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts expect 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.