Carrier Global Corporation $CARR Shares Bought by CI Investments Inc.

CI Investments Inc. boosted its holdings in Carrier Global Corporation (NYSE:CARR) by 17.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 464,723 shares of the company’s stock after purchasing an additional 68,483 shares during the quarter. CI Investments Inc.’s holdings in Carrier Global were worth $27,744,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CARR. Kingsview Wealth Management LLC increased its holdings in shares of Carrier Global by 1.0% in the 2nd quarter. Kingsview Wealth Management LLC now owns 17,110 shares of the company’s stock valued at $1,252,000 after acquiring an additional 165 shares during the last quarter. Empirical Finance LLC boosted its holdings in Carrier Global by 0.6% in the second quarter. Empirical Finance LLC now owns 29,227 shares of the company’s stock valued at $2,139,000 after purchasing an additional 168 shares in the last quarter. Poehling Capital Management INC. increased its stake in Carrier Global by 0.4% in the second quarter. Poehling Capital Management INC. now owns 38,397 shares of the company’s stock valued at $2,810,000 after purchasing an additional 169 shares during the last quarter. PKS Advisory Services LLC raised its holdings in Carrier Global by 3.5% during the second quarter. PKS Advisory Services LLC now owns 5,098 shares of the company’s stock worth $373,000 after purchasing an additional 173 shares in the last quarter. Finally, NewSquare Capital LLC raised its holdings in Carrier Global by 41.1% during the second quarter. NewSquare Capital LLC now owns 597 shares of the company’s stock worth $44,000 after purchasing an additional 174 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Carrier Global stock opened at $61.08 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The business has a 50 day simple moving average of $59.11 and a 200-day simple moving average of $58.59. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The stock has a market capitalization of $51.05 billion, a PE ratio of 35.72, a price-to-earnings-growth ratio of 2.56 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). 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 for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The company’s revenue was down 6.0% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on CARR shares. Barclays decreased their price objective on shares of Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Citigroup raised their price target on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. boosted 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 for the company in a report on Wednesday, January 21st. Finally, Wells Fargo & Company lifted their target price on shares of Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.82.

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.