Clark Capital Management Group Inc. Has $53.15 Million Position in Carrier Global Corporation $CARR

Clark Capital Management Group Inc. grew its holdings in Carrier Global Corporation (NYSE:CARR) by 2.0% in the third quarter, Holdings Channel.com reports. The firm owned 890,228 shares of the company’s stock after purchasing an additional 17,247 shares during the period. Clark Capital Management Group Inc.’s holdings in Carrier Global were worth $53,147,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kingsview Wealth Management LLC lifted its stake in Carrier Global by 1.0% in the 2nd quarter. Kingsview Wealth Management LLC now owns 17,110 shares of the company’s stock worth $1,252,000 after acquiring an additional 165 shares in the last quarter. Empirical Finance LLC grew its stake in Carrier Global by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 29,227 shares of the company’s stock valued at $2,139,000 after acquiring an additional 168 shares in the last quarter. Poehling Capital Management INC. grew its stake in Carrier Global by 0.4% during the 2nd quarter. Poehling Capital Management INC. now owns 38,397 shares of the company’s stock valued at $2,810,000 after acquiring an additional 169 shares in the last quarter. PKS Advisory Services LLC increased its holdings in shares of Carrier Global by 3.5% in the 2nd quarter. PKS Advisory Services LLC now owns 5,098 shares of the company’s stock valued at $373,000 after purchasing an additional 173 shares during the period. Finally, Ironwood Investment Counsel LLC increased its holdings in shares of Carrier Global by 4.6% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock valued at $244,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CARR. Wells Fargo & Company boosted their price objective on shares of Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Argus increased their target price 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. Barclays decreased their target price on shares of Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. JPMorgan Chase & Co. boosted their price target on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Finally, Citigroup upped their price target on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.82.

Carrier Global Trading Down 1.3%

Carrier Global stock opened at $55.73 on Friday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The company’s fifty day moving average price is $59.94 and its two-hundred day moving average price is $58.20. 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 company has a market capitalization of $46.56 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 2.27 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced its quarterly 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 quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

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.