Aberdeen Group plc Sells 9,299 Shares of Carrier Global Corporation $CARR

Aberdeen Group plc lowered its stake in Carrier Global Corporation (NYSE:CARR) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 896,190 shares of the company’s stock after selling 9,299 shares during the quarter. Aberdeen Group plc owned about 0.11% of Carrier Global worth $47,355,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Capital International Investors boosted its holdings in Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after buying an additional 3,630,524 shares during the last quarter. State Street Corp boosted its stake in Carrier Global by 1.4% during the 3rd quarter. State Street Corp now owns 33,377,339 shares of the company’s stock worth $1,992,627,000 after acquiring an additional 473,692 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Carrier Global by 0.6% during the third 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 during the period. Dodge & Cox grew its holdings in Carrier Global by 5.1% during the third quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock valued at $801,634,000 after purchasing an additional 651,648 shares during the period. Finally, PineStone Asset Management Inc. increased its stake in Carrier Global by 34.6% in the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock valued at $377,987,000 after purchasing an additional 1,837,985 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Trading Up 0.1%

Shares of NYSE: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 quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. The company’s fifty day simple moving average is $60.35 and its 200 day simple moving average is $57.47. The firm has a market cap of $46.61 billion, a price-to-earnings ratio of 32.62, a PEG ratio of 2.27 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share 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 analyst estimates 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 for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CARR shares. Argus lifted their price target on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Morgan Stanley set a $55.00 price objective on Carrier Global in a research note on Thursday, January 8th. Wolfe Research lifted their target price on Carrier Global from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Wells Fargo & Company decreased their target price on Carrier Global from $65.00 to $58.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, UBS Group decreased 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. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and an average target price of $70.15.

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.