AIA Group Ltd Grows Position in Carrier Global Corporation $CARR

AIA Group Ltd grew its position in Carrier Global Corporation (NYSE:CARR) by 15.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,721 shares of the company’s stock after purchasing an additional 29,782 shares during the period. AIA Group Ltd’s holdings in Carrier Global were worth $12,938,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Carrier Global by 0.5% during the second quarter. Vanguard Group Inc. now owns 93,373,143 shares of the company’s stock worth $6,833,980,000 after buying an additional 450,594 shares during the period. Capital International Investors boosted its position in Carrier Global by 6.7% during the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after purchasing an additional 3,630,524 shares during the period. JPMorgan Chase & Co. boosted its position in Carrier Global by 23.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock worth $2,820,485,000 after purchasing an additional 7,409,432 shares during the period. State Street Corp increased its holdings in Carrier Global by 1.4% in the 3rd quarter. State Street Corp now owns 33,377,339 shares of the company’s stock valued at $1,992,627,000 after purchasing an additional 473,692 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Carrier Global by 0.6% in the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock valued at $903,807,000 after purchasing an additional 90,585 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays reduced their price objective on Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Wolfe Research increased their target price on Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Wells Fargo & Company raised their target price on Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Robert W. Baird boosted their price target on Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Royal Bank Of Canada increased their price objective on shares of Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. 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 company. According to data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.82.

Carrier Global Stock Performance

CARR stock opened at $57.62 on Thursday. The stock’s 50 day simple moving average is $60.16 and its 200 day simple moving average is $58.00. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The firm has a market cap of $48.14 billion, a P/E ratio of 33.69, a P/E/G ratio of 2.32 and a beta of 1.32. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR) last released its quarterly earnings data 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 analyst estimates of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. 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. As a group, equities research analysts predict that Carrier Global Corporation will post 2.99 EPS for the current 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.