Jacobs & Co. CA Increases Holdings in Carrier Global Corporation $CARR

Jacobs & Co. CA grew its position in shares of Carrier Global Corporation (NYSE:CARR) by 12.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,706 shares of the company’s stock after buying an additional 18,777 shares during the quarter. Jacobs & Co. CA’s holdings in Carrier Global were worth $8,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Carrier Global by 0.5% in the second quarter. Vanguard Group Inc. now owns 93,373,143 shares of the company’s stock worth $6,833,980,000 after acquiring an additional 450,594 shares during the period. Capital International Investors lifted its holdings in Carrier Global by 6.7% in the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after acquiring an additional 3,630,524 shares during the period. JPMorgan Chase & Co. boosted its position in Carrier Global by 23.8% in the second quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock worth $2,820,485,000 after purchasing an additional 7,409,432 shares during the last quarter. State Street Corp boosted its position in Carrier Global by 1.4% in the third quarter. State Street Corp now owns 33,377,339 shares of the company’s stock worth $1,992,627,000 after purchasing an additional 473,692 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Carrier Global by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock valued at $903,807,000 after purchasing an additional 90,585 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Trading Up 1.1%

Carrier Global stock opened at $57.62 on Thursday. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The firm has a market capitalization of $48.14 billion, a price-to-earnings ratio of 33.69, a P/E/G ratio of 2.32 and a beta of 1.32. The firm has a 50 day moving average of $60.16 and a 200 day moving average of $58.00. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results 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). The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, research analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CARR shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carrier Global in a research report on Monday, December 29th. Barclays dropped their price objective on shares of Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Zacks Research cut shares of Carrier Global from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Citigroup lifted their price target on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Morgan Stanley set a $55.00 price objective on shares of Carrier Global in a research report on Thursday, January 8th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.