American Trust Investment Advisors LLC Buys New Shares in Carrier Global Corporation $CARR

American Trust Investment Advisors LLC purchased a new position in Carrier Global Corporation (NYSE:CARR) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 84,805 shares of the company’s stock, valued at approximately $5,063,000. Carrier Global makes up about 2.6% of American Trust Investment Advisors LLC’s holdings, making the stock its 12th biggest holding.

Several other institutional investors also recently modified their holdings of CARR. Spirepoint Private Client LLC lifted its holdings in shares of Carrier Global by 547.7% during the third quarter. Spirepoint Private Client LLC now owns 60,694 shares of the company’s stock valued at $3,623,000 after purchasing an additional 51,324 shares during the last quarter. Becker Capital Management Inc. increased its stake in Carrier Global by 5.6% in the 3rd quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock worth $25,405,000 after purchasing an additional 22,377 shares in the last quarter. Foster Victor Wealth Advisors LLC raised its holdings in Carrier Global by 24.1% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 216,777 shares of the company’s stock worth $12,931,000 after buying an additional 42,161 shares during the period. Oak Thistle LLC acquired a new stake in Carrier Global during the 3rd quarter worth about $1,986,000. Finally, Brookstone Capital Management lifted its stake in Carrier Global by 220.8% during the third quarter. Brookstone Capital Management now owns 51,852 shares of the company’s stock valued at $3,096,000 after buying an additional 35,691 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 1.3%

Shares of NYSE CARR opened at $55.73 on Friday. 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 Corporation has a one year low of $50.24 and a one year high of $81.09. The business has a 50-day moving average price of $59.94 and a two-hundred day moving average price of $58.20. The firm has a market capitalization of $46.56 billion, a PE ratio of 32.59, a PEG ratio of 2.27 and a beta of 1.32.

Carrier Global (NYSE:CARR) last issued its 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 business 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 revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on CARR. The Goldman Sachs Group raised their target price on shares of Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Rothschild & Co Redburn cut their price target on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. Zacks Research downgraded shares of Carrier Global from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. CICC Research decreased 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, Robert W. Baird lifted their price objective on shares of Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.