84,805 Shares in Carrier Global Corporation $CARR Purchased by American Trust Investment Advisors LLC

Key Points

• American Trust Investment Advisors LLC acquired 84,805 shares of Carrier Global (NYSE:CARR) in Q3, a stake worth about $5.06 million that represents roughly 2.6% of the firm's portfolio and is its 12th-largest holding.
• Carrier missed quarterly estimates, reporting $0.34 EPS versus $0.36 expected and revenue of $4.84 billion versus $5.05 billion expected (revenue down 6% year-over-year); the company set FY2026 guidance at $2.80 EPS.
• High institutional ownership and moderate analyst outlook: roughly 91% of shares are owned by institutions (large increases from Vanguard, Capital International, JPMorgan among others), and analysts have an average rating of "Moderate Buy" with a $70.82 average price target.

American Trust Investment Advisors LLC acquired a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 84,805 shares of the company's stock, valued at approximately $5,063,000. Carrier Global comprises about 2.6% of American Trust Investment Advisors LLC's investment portfolio, making the stock its 12th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CARR. Vanguard Group Inc. boosted its position in shares of Carrier Global by 0.5% during the second quarter. Vanguard Group Inc. now owns 93,373,143 shares of the company's stock worth $6,833,980,000 after buying an additional 450,594 shares during the period. Capital International Investors increased its position in Carrier Global by 6.7% in the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company's stock valued at $3,461,142,000 after acquiring an additional 3,630,524 shares during the period. JPMorgan Chase & Co. increased its position in Carrier Global by 23.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company's stock valued at $2,820,485,000 after acquiring an additional 7,409,432 shares during the period. Fisher Asset Management LLC raised its stake 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 valued at $903,807,000 after acquiring an additional 90,585 shares in the last quarter. Finally, Dodge & Cox raised its stake in Carrier Global by 5.1% during the 3rd 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 in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Argus increased their price target on Carrier Global from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, February 9th. Morgan Stanley set a $55.00 price objective on shares of Carrier Global in a research note on Thursday, January 8th. Mizuho reduced their price objective on shares of Carrier Global from $75.00 to $67.00 and set an "outperform" rating for the company in a report on Monday, January 5th. JPMorgan Chase & Co. increased their target price on shares of Carrier Global from $60.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, January 16th. Finally, Citigroup upped their price target on shares of Carrier Global from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $70.82.

Carrier Global Stock Down 1.3%

CARR opened at $55.73 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. The company has a market capitalization of $46.56 billion, a PE ratio of 32.59, a P/E/G ratio of 2.27 and a beta of 1.32. The stock's fifty day moving average is $59.94 and its 200-day moving average is $58.20. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09.

Carrier Global (NYSE:CARR - Get Free Report) last announced 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). The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The company's quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal 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.

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