Brookstone Capital Management Lowers Position in Carrier Global Corporation $CARR

Brookstone Capital Management lessened its stake in Carrier Global Corporation (NYSE:CARR) by 31.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,667 shares of the company’s stock after selling 16,185 shares during the quarter. Brookstone Capital Management’s holdings in Carrier Global were worth $1,885,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Carrier Global in the 3rd quarter worth about $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in Carrier Global in the second quarter valued at approximately $26,000. Clayton Financial Group LLC acquired a new position in Carrier Global during the third quarter valued at approximately $26,000. Global Wealth Strategies & Associates grew its stake in Carrier Global by 150.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after buying an additional 300 shares during the period. Finally, True Wealth Design LLC raised its stake in shares of Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after acquiring an additional 427 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on CARR shares. CICC Research reduced their target price on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. UBS Group lowered their target price on Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Carrier Global in a report on Monday, December 29th. Barclays reduced their price target on Carrier Global from $72.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company lowered their price objective on shares of Carrier Global from $65.00 to $58.00 and set an “equal weight” rating for the company in a research report on Wednesday. Twelve 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.15.

Carrier Global Trading Down 2.0%

CARR opened at $55.79 on Friday. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month 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. The stock has a market capitalization of $46.61 billion, a PE ratio of 32.62, a P/E/G ratio of 2.32 and a beta of 1.32. The firm’s fifty day moving average price is $60.38 and its 200 day moving average price is $57.53.

Carrier Global (NYSE:CARR) last issued its quarterly 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 for 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 business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, research analysts expect that Carrier Global Corporation will post 2.99 EPS 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.