IFP Advisors Inc Decreases Position in Carrier Global Corporation $CARR

IFP Advisors Inc trimmed its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 14.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,934 shares of the company’s stock after selling 16,551 shares during the quarter. IFP Advisors Inc’s holdings in Carrier Global were worth $7,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CARR. Van Hulzen Asset Management LLC purchased a new position in shares of Carrier Global in the second quarter worth about $1,992,000. Cardinal Capital Management Inc. boosted its position in Carrier Global by 7.1% in the second quarter. Cardinal Capital Management Inc. now owns 575,335 shares of the company’s stock valued at $42,201,000 after buying an additional 37,934 shares during the last quarter. California Public Employees Retirement System increased its holdings in Carrier Global by 1.5% in the 1st quarter. California Public Employees Retirement System now owns 1,430,425 shares of the company’s stock worth $80,547,000 after buying an additional 21,367 shares during the period. Avity Investment Management Inc. increased its holdings in Carrier Global by 33.9% in the 2nd quarter. Avity Investment Management Inc. now owns 194,484 shares of the company’s stock worth $14,265,000 after buying an additional 49,260 shares during the period. Finally, Mandatum Life Insurance Co Ltd raised its position in Carrier Global by 36.1% during the 1st quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company’s stock worth $6,259,000 after buying an additional 29,495 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Wolfe Research reiterated an “outperform” rating and issued a $80.00 price objective on shares of Carrier Global in a research note on Thursday, July 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Morgan Stanley boosted their target price on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, Zacks Research raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Stock Down 1.9%

Shares of CARR opened at $57.98 on Thursday. The firm has a market cap of $47.79 billion, a P/E ratio of 40.26, a PEG ratio of 2.28 and a beta of 1.30. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The stock’s 50 day moving average is $63.82 and its two-hundred day moving average is $63.59. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Analysts predict that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Carrier Global Company Profile

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air conditioning (HVAC) systems and related controls, building automation technologies, and services designed to improve indoor comfort, energy efficiency and building performance.

Carrier also provides refrigeration equipment and systems for commercial, industrial and transportation applications, supporting food preservation and cold-chain operations.