CreativeOne Wealth LLC Sells 12,360 Shares of Carrier Global Corporation $CARR

CreativeOne Wealth LLC trimmed its stake in Carrier Global Corporation (NYSE:CARR) by 35.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,402 shares of the company’s stock after selling 12,360 shares during the quarter. CreativeOne Wealth LLC’s holdings in Carrier Global were worth $1,337,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds 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 2nd quarter worth approximately $26,000. Winnow Wealth LLC bought a new position in Carrier Global during the second quarter valued at $26,000. Traub Capital Management LLC bought a new position in Carrier Global during the second quarter valued at $27,000. Clayton Financial Group LLC purchased a new stake in Carrier Global in the third quarter worth $26,000. Finally, Salomon & Ludwin LLC raised its stake in shares of 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 during the period. 91.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on CARR shares. Wolfe Research upped their price target on Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Wells Fargo & Company lifted their price objective on Carrier Global from $59.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Rothschild & Co Redburn lowered their price objective on Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Royal Bank Of Canada upped their price objective on shares of Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, UBS Group cut their target price on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.82.

Carrier Global Trading Down 0.7%

Shares of CARR opened at $58.33 on Wednesday. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09. The company has a market capitalization of $48.73 billion, a P/E ratio of 34.11, a P/E/G ratio of 2.39 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The firm’s 50 day simple moving average is $59.71 and its 200 day simple moving average is $58.34.

Carrier Global (NYSE:CARR) last released its quarterly 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 company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.Carrier Global’s quarterly revenue was down 6.0% on a year-over-year basis. 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. Sell-side analysts forecast 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.