Grantham Mayo Van Otterloo & Co. LLC Increases Position in Carrier Global Corporation $CARR

Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 10.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 244,459 shares of the company’s stock after buying an additional 24,076 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Carrier Global were worth $14,594,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after acquiring an additional 1,850 shares during the period. AQR Capital Management LLC increased its stake in Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after purchasing an additional 23,200 shares during the period. United Bank increased its stake in 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 purchasing an additional 4,956 shares during the period. Schnieders Capital Management LLC. lifted its position in shares of Carrier Global by 33.7% during the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after purchasing an additional 4,277 shares during the last quarter. Finally, Atlantic Union Bankshares Corp boosted its stake in shares of Carrier Global by 73.2% during the second quarter. Atlantic Union Bankshares Corp now owns 6,240 shares of the company’s stock valued at $457,000 after purchasing an additional 2,638 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $58.36 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. The stock’s fifty day moving average price is $59.51 and its 200-day moving average price is $58.45. The firm has a market cap of $48.76 billion, a P/E ratio of 34.13, a P/E/G ratio of 2.34 and a beta of 1.32. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share 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 business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same period last year, the company earned $0.54 earnings per share. The firm’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. On average, equities research analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CARR has been the topic of a number of research analyst reports. Robert W. Baird upped their price target on shares of Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Rothschild & Co Redburn decreased their price objective on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Morgan Stanley set a $55.00 price objective on shares of Carrier Global in a research report on Thursday, January 8th. Wolfe Research upped their target price on shares of Carrier Global from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Finally, Zacks Research lowered shares of Carrier Global from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. 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 data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and an average price target of $70.82.

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.