Carrier Global Corporation $CARR Position Increased by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its position in shares of Carrier Global Corporation (NYSE:CARR) by 13.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,243 shares of the company’s stock after purchasing an additional 15,309 shares during the period. NEOS Investment Management LLC’s holdings in Carrier Global were worth $9,407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares during the last quarter. AQR Capital Management LLC raised its holdings in Carrier Global by 51.5% during the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after buying an additional 23,200 shares in the last quarter. United Bank lifted its position in shares of Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after buying an additional 4,956 shares during the last quarter. Schnieders Capital Management LLC. lifted its position in shares of Carrier Global by 33.7% in the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after buying an additional 4,277 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of Carrier Global by 6.0% during the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock worth $725,000 after acquiring an additional 561 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE CARR opened at $59.69 on Friday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The stock has a market cap of $49.20 billion, a P/E ratio of 41.45, a PEG ratio of 2.30 and a beta of 1.30. The company’s 50-day simple moving average is $64.67 and its 200 day simple moving average is $63.73.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $6.35 billion for 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 in the previous year, the business earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, research analysts forecast that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CARR. Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. 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. Wolfe Research reissued an “outperform” rating and issued a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. Morgan Stanley boosted their price objective on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $78.00 price objective on shares of Carrier Global in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $73.67.

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.