Dodge & Cox Buys 651,648 Shares of Carrier Global Corporation $CARR

Dodge & Cox boosted its stake in Carrier Global Corporation (NYSE:CARR) by 5.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,427,697 shares of the company’s stock after buying an additional 651,648 shares during the quarter. Dodge & Cox owned approximately 1.59% of Carrier Global worth $801,634,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Winnow Wealth LLC acquired a new stake in shares of Carrier Global in the 2nd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Carrier Global in the 2nd quarter worth about $26,000. Clayton Financial Group LLC acquired a new stake in shares of Carrier Global during the 3rd quarter worth about $26,000. Traub Capital Management LLC bought a new position in Carrier Global during the 2nd quarter valued at about $27,000. Finally, Salomon & Ludwin LLC lifted its holdings in Carrier Global by 460.5% during 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 institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Rothschild & Co Redburn decreased their price objective on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. UBS Group cut their target price on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Citigroup boosted their target price on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Royal Bank Of Canada increased their price target on Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, The Goldman Sachs Group raised their price target on Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a report on Friday, February 6th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus price target of $70.82.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $55.73 on Friday. The firm has a fifty day moving average of $59.94 and a two-hundred day moving average of $58.26. 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 has a market capitalization of $46.56 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 2.30 and a beta of 1.32. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts predict that Carrier Global Corporation will post 2.99 EPS for the current year.

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.