Canoe Financial LP Grows Position in Carrier Global Corporation $CARR

Canoe Financial LP grew its position in shares of Carrier Global Corporation (NYSE:CARR) by 607.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,195,050 shares of the company’s stock after acquiring an additional 1,026,147 shares during the quarter. Canoe Financial LP owned 0.14% of Carrier Global worth $63,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp bought a new position in shares of Carrier Global during the third quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in Carrier Global in the 2nd quarter worth about $26,000. Clayton Financial Group LLC purchased a new stake in Carrier Global in the 3rd quarter valued at about $26,000. Global Wealth Strategies & Associates increased its stake in Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after buying an additional 300 shares during the last quarter. Finally, True Wealth Design LLC lifted its position in shares of Carrier Global by 723.7% during the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after buying an additional 427 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR opened at $54.25 on Friday. The business’s fifty day moving average is $60.44 and its 200 day moving average is $57.67. The firm has a market cap of $45.32 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 2.21 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Research analysts predict that Carrier Global Corporation will post 2.99 EPS for the current year.

Analyst Ratings Changes

CARR has been the subject of several recent analyst reports. Wolfe Research upped their target price on Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, February 27th. The Goldman Sachs Group boosted their price objective on Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Morgan Stanley set a $55.00 price objective on Carrier Global in a research note on Thursday, January 8th. 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 research report on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $70.82.

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.