HighTower Advisors LLC Cuts Stock Holdings in Carrier Global Corporation $CARR

HighTower Advisors LLC lessened its stake in Carrier Global Corporation (NYSE:CARR) by 7.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 772,597 shares of the company’s stock after selling 60,021 shares during the quarter. HighTower Advisors LLC owned about 0.09% of Carrier Global worth $56,670,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CARR. Johnson Financial Group Inc. purchased a new position in shares of Carrier Global in the 2nd quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in Carrier Global in the second quarter valued at $26,000. Financial Management Professionals Inc. grew its position in Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after acquiring an additional 225 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in Carrier Global during the fourth quarter valued at about $33,000. Finally, Signature Equity Partners LLC increased its stake in Carrier Global by 449.2% during the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after acquiring an additional 530 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research reports. Wolfe Research restated an “outperform” rating and issued a $80.00 price objective on shares of Carrier Global in a report on Thursday, July 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. Sanford C. Bernstein restated a “market perform” rating and issued a $78.00 price target on shares of Carrier Global in a report on Thursday, July 30th. Morgan Stanley lifted their price target on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Price Performance

CARR stock opened at $59.69 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The firm has a market cap of $49.20 billion, a P/E ratio of 41.45, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30. The stock has a 50-day simple moving average of $64.39 and a 200-day simple moving average of $63.67.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.Carrier Global’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, equities analysts predict that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal 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.