Trust Co. of Toledo NA OH Reduces Stock Position in Carrier Global Corporation $CARR

Trust Co. of Toledo NA OH cut its holdings in Carrier Global Corporation (NYSE:CARR) by 37.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,333 shares of the company’s stock after selling 9,346 shares during the period. Trust Co. of Toledo NA OH’s holdings in Carrier Global were worth $810,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC bought a new position in shares of Carrier Global in the 2nd quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in Carrier Global during the third quarter worth approximately $25,000. Clayton Financial Group LLC purchased a new stake in Carrier Global during the third quarter valued at approximately $26,000. YANKCOM Partnership raised its position in Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares during the period. Finally, Salomon & Ludwin LLC lifted its stake in shares of Carrier Global by 460.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock valued at $29,000 after purchasing an additional 396 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CARR shares. Royal Bank Of Canada lifted their target price on Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Carrier Global in a report on Monday, December 29th. Morgan Stanley set a $55.00 price target on Carrier Global in a research report on Thursday, January 8th. Wells Fargo & Company cut their price objective on shares of Carrier Global from $65.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Barclays reduced their target price on shares of Carrier Global from $72.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and a consensus target price of $70.15.

Carrier Global Trading Up 0.1%

CARR opened at $55.79 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. The stock’s 50 day moving average price is $60.35 and its 200-day moving average price is $57.47. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The stock has a market cap of $46.61 billion, a price-to-earnings ratio of 32.62, a P/E/G ratio of 2.27 and a beta of 1.32.

Carrier Global (NYSE:CARR) last issued 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). The business had revenue of $4.84 billion for 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%.Carrier Global’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current 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.