Capital International Sarl Has $50.30 Million Stake in Carrier Global Corporation $CARR

Key Points

• Capital International Sarl increased its stake in Carrier Global (CARR) by 6.4% in Q3 to 842,621 shares, worth about $50.30 million.
• Institutional ownership is very high at about 91%, with major moves including JPMorgan raising its stake to ~38.54 million shares (~$2.82B) and Norges Bank initiating a ~ $525M position.
• Carrier missed the quarter (EPS $0.34 vs. $0.36 est.; revenue $4.84B vs. $5.05B), set FY2026 guidance at 2.80 EPS while analysts forecast ~2.99, and the consensus rating is a Moderate Buy with a $70.82 price target.

Capital International Sarl raised its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 842,621 shares of the company's stock after acquiring an additional 50,325 shares during the period. Capital International Sarl owned about 0.10% of Carrier Global worth $50,304,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake 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. Norges Bank purchased a new position in shares of Carrier Global during the second quarter worth approximately $524,939,000. Capital International Investors lifted its holdings in shares of Carrier Global by 6.7% in the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company's stock worth $3,461,142,000 after acquiring an additional 3,630,524 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Carrier Global by 1,742.8% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,623,000 shares of the company's stock worth $265,167,000 after buying an additional 3,426,395 shares during the period. Finally, Artisan Partners Limited Partnership boosted its position in Carrier Global by 63.6% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,952,738 shares of the company's stock valued at $362,491,000 after buying an additional 1,924,804 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CARR has been the subject of several recent research reports. Citigroup raised their price objective on Carrier Global from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, February 6th. JPMorgan Chase & Co. upped their price objective on Carrier Global from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday, January 16th. Robert W. Baird raised their price objective on shares of Carrier Global from $66.00 to $72.00 and gave the company an "outperform" rating in a research report on Friday, February 6th. Argus upped 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. Finally, Wolfe Research increased their price target on Carrier Global from $71.00 to $74.00 and gave the company an "outperform" rating in a research note on Friday, February 27th. Twelve research 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 data from MarketBeat.com, Carrier Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.82.

Carrier Global Price Performance

Shares of CARR opened at $58.73 on Tuesday. The stock has a market capitalization of $49.06 billion, a PE ratio of 34.34, a PEG ratio of 2.34 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The company has a 50 day moving average price of $59.61 and a 200-day moving average price of $58.40.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The business had revenue of $4.84 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal 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.

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