National Pension Service Sells 68,508 Shares of Carrier Global Corporation $CARR

National Pension Service lessened its position in Carrier Global Corporation (NYSE:CARR) by 5.5% in the second quarter, Holdings Channel.com reports. The firm owned 1,178,695 shares of the company’s stock after selling 68,508 shares during the quarter. National Pension Service’s holdings in Carrier Global were worth $86,457,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Engineers Gate Manager LP acquired a new stake in Carrier Global during the 2nd quarter worth approximately $613,000. Cidel Asset Management Inc. increased its position in Carrier Global by 14.3% in the 2nd quarter. Cidel Asset Management Inc. now owns 5,154 shares of the company’s stock valued at $378,000 after acquiring an additional 644 shares during the period. Capital Advantage Inc. lifted its holdings in shares of Carrier Global by 8.2% during the second quarter. Capital Advantage Inc. now owns 4,635 shares of the company’s stock worth $340,000 after purchasing an additional 350 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Carrier Global by 6.1% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,860 shares of the company’s stock worth $503,000 after purchasing an additional 392 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in shares of Carrier Global by 18.8% in the second quarter. Integrated Wealth Concepts LLC now owns 30,124 shares of the company’s stock worth $2,210,000 after purchasing an additional 4,767 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $57.48 on Friday. The company’s fifty day moving average price is $63.30 and its 200-day moving average price is $63.50. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The firm has a market capitalization of $47.38 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 2.18 and a beta of 1.30.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Carrier Global’s revenue for the quarter was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, equities research analysts anticipate that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on CARR shares. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $78.00 target price on shares of Carrier Global in a report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a research report on Thursday, July 9th. Zacks Research upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Morgan Stanley lifted their target price on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and an average target price of $73.67.

Carrier Global Profile

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air conditioning (HVAC) systems and related controls, building automation technologies, and services designed to improve indoor comfort, energy efficiency and building performance.

Carrier also provides refrigeration equipment and systems for commercial, industrial and transportation applications, supporting food preservation and cold-chain operations.