Value Partners Investments Inc. Grows Stock Holdings in Carrier Global Corporation $CARR

Value Partners Investments Inc. grew its position in shares of Carrier Global Corporation (NYSE:CARR) by 41.2% in the 4th quarter, HoldingsChannel reports. The firm owned 47,651 shares of the company’s stock after acquiring an additional 13,898 shares during the quarter. Value Partners Investments Inc.’s holdings in Carrier Global were worth $2,521,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CARR. Spirepoint Private Client LLC raised its stake in shares of Carrier Global by 547.7% during the third quarter. Spirepoint Private Client LLC now owns 60,694 shares of the company’s stock worth $3,623,000 after acquiring an additional 51,324 shares in the last quarter. Becker Capital Management Inc. boosted its stake in shares of Carrier Global by 5.6% in the 3rd quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock valued at $25,405,000 after purchasing an additional 22,377 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its stake in shares of Carrier Global by 24.1% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 216,777 shares of the company’s stock valued at $12,931,000 after purchasing an additional 42,161 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Carrier Global during the 3rd quarter valued at $1,986,000. Finally, Brookstone Capital Management grew its holdings in shares of Carrier Global by 220.8% during the 3rd quarter. Brookstone Capital Management now owns 51,852 shares of the company’s stock valued at $3,096,000 after purchasing an additional 35,691 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wolfe Research boosted their price target on shares of Carrier Global from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. raised their price objective on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Rothschild & Co Redburn decreased their price objective on Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. Barclays lowered their target price on Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Finally, CICC Research dropped their target price on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.82.

Carrier Global Trading Down 1.4%

NYSE:CARR opened at $58.13 on Friday. The firm has a market capitalization of $48.57 billion, a P/E ratio of 34.00, a P/E/G ratio of 2.37 and a beta of 1.32. 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 has a fifty day moving average of $60.30 and a 200 day moving average of $57.92. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same period last year, the business earned $0.54 EPS. Carrier Global’s revenue was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current 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.