Baird Financial Group Inc. Decreases Stock Position in Carrier Global Corporation $CARR

Baird Financial Group Inc. decreased its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 15.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,184 shares of the company's stock after selling 19,334 shares during the period. Baird Financial Group Inc.'s holdings in Carrier Global were worth $7,569,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in Carrier Global by 6,864.2% during the second quarter. California State Teachers Retirement System now owns 81,575,322 shares of the company's stock valued at $5,983,550,000 after buying an additional 80,403,966 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Carrier Global during the second quarter worth about $590,759,000. Bank of America Corp DE bought a new position in Carrier Global in the second quarter worth about $572,908,000. Norges Bank bought a new position in shares of Carrier Global during the fourth quarter valued at approximately $380,299,000. Finally, Fiera Capital Corp grew its holdings in shares of Carrier Global by 5.3% during the fourth quarter. Fiera Capital Corp now owns 6,923,485 shares of the company's stock valued at $365,837,000 after purchasing an additional 348,812 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Down 0.2%

CARR stock opened at $57.33 on Tuesday. 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 cap of $47.25 billion, a PE ratio of 39.81, a P/E/G ratio of 2.21 and a beta of 1.30. The firm has a 50 day simple moving average of $63.05 and a 200 day simple moving average of $63.45. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.Carrier Global's revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities research analysts forecast that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CARR. Sanford C. Bernstein reissued a "market perform" rating and issued a $78.00 price target on shares of Carrier Global in a report on Thursday, July 30th. Citigroup upped their price objective on Carrier Global from $79.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, July 13th. Zacks Research raised Carrier Global from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Wolfe Research reiterated an "outperform" rating and issued a $80.00 target price on shares of Carrier Global in a research note on Thursday, July 9th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Carrier Global in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.

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