PineStone Asset Management Inc. Boosts Position in Carrier Global Corporation $CARR

PineStone Asset Management Inc. increased its position in shares of Carrier Global Corporation (NYSE:CARR) by 34.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,153,429 shares of the company’s stock after acquiring an additional 1,837,985 shares during the quarter. Carrier Global makes up about 2.3% of PineStone Asset Management Inc.’s portfolio, making the stock its 14th biggest holding. PineStone Asset Management Inc. owned approximately 0.85% of Carrier Global worth $377,987,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new position in Carrier Global in the 2nd quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Carrier Global during the 3rd quarter worth approximately $25,000. Clayton Financial Group LLC purchased a new stake in shares of Carrier Global during the 3rd quarter valued at approximately $26,000. Salomon & Ludwin LLC raised its position in shares of 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 buying an additional 396 shares during the period. Finally, True Wealth Design LLC lifted its holdings in Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after acquiring an additional 427 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CARR. Robert W. Baird increased their price objective on Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Royal Bank Of Canada lifted their target price on Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Barclays decreased their price target on Carrier Global from $74.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Carrier Global in a report on Monday, December 29th. Finally, Morgan Stanley set a $55.00 price objective on Carrier Global in a research report on Thursday, January 8th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.82.

Carrier Global Stock Up 3.5%

Shares of NYSE CARR opened at $56.27 on Wednesday. The firm has a market cap of $47.01 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 2.22 and a beta of 1.32. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The business’s 50 day moving average is $60.43 and its two-hundred day moving average is $57.54.

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

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.