Carrier Global Corporation $CARR Shares Sold by IFP Advisors Inc

IFP Advisors Inc lessened its position in Carrier Global Corporation (NYSE:CARR) by 14.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 96,934 shares of the company’s stock after selling 16,551 shares during the quarter. IFP Advisors Inc’s holdings in Carrier Global were worth $7,110,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CARR. Van Hulzen Asset Management LLC acquired a new stake in Carrier Global during the 2nd quarter worth $1,992,000. Cardinal Capital Management Inc. raised its position in shares of Carrier Global by 7.1% in the second quarter. Cardinal Capital Management Inc. now owns 575,335 shares of the company’s stock valued at $42,201,000 after buying an additional 37,934 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Carrier Global by 1.5% in the first quarter. California Public Employees Retirement System now owns 1,430,425 shares of the company’s stock valued at $80,547,000 after buying an additional 21,367 shares during the last quarter. Avity Investment Management Inc. lifted its stake in shares of Carrier Global by 33.9% in the second quarter. Avity Investment Management Inc. now owns 194,484 shares of the company’s stock worth $14,265,000 after buying an additional 49,260 shares in the last quarter. Finally, Mandatum Life Insurance Co Ltd lifted its stake in shares of Carrier Global by 36.1% in the first quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company’s stock worth $6,259,000 after buying an additional 29,495 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $57.98 on Thursday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The business’s fifty day simple moving average is $63.82 and its 200-day simple moving average is $63.59. The firm has a market cap of $47.79 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 2.28 and a beta of 1.30. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77.

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

Wall Street Analyst Weigh In

CARR has been the topic of a number of recent research reports. Wolfe Research restated an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. JPMorgan Chase & Co. raised their target price 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. Zacks Research upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Morgan Stanley upped their price target on 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, Citigroup increased their price target on Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

About Carrier Global

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air conditioning (HVAC) systems and related controls, building automation technologies, and services designed to improve indoor comfort, energy efficiency and building performance.

Carrier also provides refrigeration equipment and systems for commercial, industrial and transportation applications, supporting food preservation and cold-chain operations.