Ameriprise Financial Inc. Has $249.98 Million Stock Position in Carrier Global Corporation $CARR

Ameriprise Financial Inc. grew its position in shares of Carrier Global Corporation (NYSE:CARR) by 506.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,187,219 shares of the company’s stock after purchasing an additional 3,496,372 shares during the quarter. Ameriprise Financial Inc. owned about 0.50% of Carrier Global worth $249,977,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CARR. Kingsview Wealth Management LLC grew its position in shares of Carrier Global by 1.0% during the 2nd quarter. Kingsview Wealth Management LLC now owns 17,110 shares of the company’s stock worth $1,252,000 after buying an additional 165 shares during the period. Empirical Finance LLC increased its stake in shares of Carrier Global by 0.6% in the 2nd quarter. Empirical Finance LLC now owns 29,227 shares of the company’s stock valued at $2,139,000 after acquiring an additional 168 shares in the last quarter. Poehling Capital Management INC. lifted its position in shares of Carrier Global by 0.4% during the 2nd quarter. Poehling Capital Management INC. now owns 38,397 shares of the company’s stock valued at $2,810,000 after acquiring an additional 169 shares during the period. PKS Advisory Services LLC boosted its stake in Carrier Global by 3.5% during the second quarter. PKS Advisory Services LLC now owns 5,098 shares of the company’s stock worth $373,000 after acquiring an additional 173 shares in the last quarter. Finally, Ironwood Investment Counsel LLC boosted its stake in Carrier Global by 4.6% during the third quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock worth $244,000 after acquiring an additional 181 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Up 0.4%

Shares of NYSE:CARR opened at $55.85 on Tuesday. The business’s 50 day moving average is $59.98 and its 200 day moving average is $58.06. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The stock has a market cap of $46.66 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 2.27 and a beta of 1.32. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of $4.84 billion for 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 revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, sell-side analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CARR shares. Wells Fargo & Company upped their price objective on shares of Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. The Goldman Sachs Group raised their target price on Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. boosted their target price on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Mizuho dropped their price target on Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Finally, Royal Bank Of Canada raised their price objective on Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Twelve research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.82.

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.