Richard Bernstein Advisors LLC Decreases Stock Position in Carrier Global Corporation $CARR

Richard Bernstein Advisors LLC decreased its holdings in Carrier Global Corporation (NYSE:CARR) by 51.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 30,260 shares of the company’s stock after selling 32,156 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in Carrier Global were worth $1,807,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Capital International Sarl increased its position in Carrier Global by 6.4% in the third quarter. Capital International Sarl now owns 842,621 shares of the company’s stock worth $50,304,000 after buying an additional 50,325 shares during the period. Capital International Inc. CA boosted its holdings in shares of Carrier Global by 11.8% in the third quarter. Capital International Inc. CA now owns 1,247,580 shares of the company’s stock valued at $74,481,000 after acquiring an additional 132,124 shares in the last quarter. Causeway Capital Management LLC acquired a new position in shares of Carrier Global during the 3rd quarter valued at $87,549,000. Capital International Investors grew its holdings in Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after acquiring an additional 3,630,524 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of Carrier Global by 18.6% in the 3rd quarter. Bank of Montreal Can now owns 615,606 shares of the company’s stock worth $36,752,000 after purchasing an additional 96,396 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Trading Up 0.6%

Shares of NYSE CARR opened at $58.73 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The firm has a market capitalization of $49.06 billion, a P/E ratio of 34.34, a P/E/G ratio of 2.34 and a beta of 1.32. The company’s 50 day simple moving average is $59.61 and its 200 day simple moving average is $58.40.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on CARR. Wells Fargo & Company upped their price objective on shares of Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Argus lifted their price target on Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, February 9th. The Goldman Sachs Group increased their target price on shares of Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. CICC Research reduced their price objective on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Finally, Zacks Research downgraded Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Twelve research 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.82.

About Carrier Global

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.