Swiss Life Asset Management Ltd Has $19.35 Million Stake in Carrier Global Corporation $CARR

Swiss Life Asset Management Ltd trimmed its stake in shares of Carrier Global Corporation (NYSE:CARR) by 6.9% during the third quarter, Holdings Channel reports. The firm owned 324,121 shares of the company’s stock after selling 23,880 shares during the period. Swiss Life Asset Management Ltd’s holdings in Carrier Global were worth $19,350,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital International Investors lifted its holdings in shares of 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 purchasing an additional 3,630,524 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Carrier Global by 23.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock worth $2,820,485,000 after buying an additional 7,409,432 shares during the last quarter. State Street Corp grew its position in shares of Carrier Global by 1.4% in the third quarter. State Street Corp now owns 33,377,339 shares of the company’s stock valued at $1,992,627,000 after purchasing an additional 473,692 shares during the last quarter. Fisher Asset Management LLC increased its position in Carrier Global by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after buying an additional 90,585 shares during the period. Finally, Dodge & Cox increased its stake in Carrier Global by 5.1% in the third quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock valued at $801,634,000 after acquiring an additional 651,648 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CARR. JPMorgan Chase & Co. raised their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Wells Fargo & Company boosted their target price on Carrier Global from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. Robert W. Baird lifted their target price 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. Zacks Research cut Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Finally, Wolfe Research upped their price target on shares of Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Twelve investment 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.com, Carrier Global has an average rating of “Moderate Buy” and a consensus price target of $70.82.

Carrier Global Price Performance

Shares of CARR opened at $58.96 on Friday. The company’s fifty day moving average price is $60.26 and its 200-day moving average price is $58.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The firm has a market capitalization of $49.26 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $5.05 billion. During the same period last year, the firm earned $0.54 earnings per share. Carrier Global’s revenue for the quarter 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 predict that Carrier Global Corporation will post 2.99 EPS for the current year.

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.