Professional Advisory Services Inc. Acquires 30,505 Shares of Carrier Global Corporation $CARR

Professional Advisory Services Inc. increased its stake in Carrier Global Corporation (NYSE:CARR) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 316,281 shares of the company’s stock after purchasing an additional 30,505 shares during the period. Carrier Global makes up approximately 2.2% of Professional Advisory Services Inc.’s portfolio, making the stock its 28th biggest holding. Professional Advisory Services Inc.’s holdings in Carrier Global were worth $16,712,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. KERR FINANCIAL PLANNING Corp purchased a new position in Carrier Global in the 3rd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Carrier Global during the 2nd quarter valued at $26,000. Clayton Financial Group LLC purchased a new stake in shares of Carrier Global during the 3rd quarter valued at $26,000. Global Wealth Strategies & Associates lifted its holdings in shares of Carrier Global by 150.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after acquiring an additional 300 shares during the last quarter. Finally, True Wealth Design LLC grew its position in Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after acquiring an additional 427 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on CARR shares. Wolfe Research increased their target price on Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Robert W. Baird upped their price objective on Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Royal Bank Of Canada increased their price objective on Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. The Goldman Sachs Group raised their price objective on Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Citigroup boosted their target price on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research report 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 company. According to MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus price target of $70.82.

Carrier Global Price Performance

CARR stock opened at $58.70 on Wednesday. The stock has a market capitalization of $49.04 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 2.37 and a beta of 1.32. The firm’s 50-day moving average price is $60.43 and its two-hundred day moving average price is $57.80. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09.

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

About Carrier Global

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.