Carrier Global Corporation $CARR Shares Purchased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Carrier Global by 3.0% in Q3 to 2,040,282 shares (about $121.6M, ~0.24% of the company).
• Carrier missed quarterly estimates, reporting EPS of $0.34 versus $0.36 expected and revenue of $4.84B versus $5.05B (revenue down 6% YoY), and set FY2026 guidance at 2.80 EPS.
• Analysts have a consensus rating of "Moderate Buy" with an average target price of $70.82 (12 Buys, 8 Holds, 1 Sell).

Russell Investments Group Ltd. raised its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,040,282 shares of the company's stock after acquiring an additional 59,079 shares during the period. Russell Investments Group Ltd. owned approximately 0.24% of Carrier Global worth $121,609,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CARR. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Carrier Global during the second quarter valued at about $26,000. Winnow Wealth LLC bought a new position in Carrier Global in the 2nd quarter valued at about $26,000. Traub Capital Management LLC bought a new position in Carrier Global in the 2nd quarter valued at about $27,000. Clayton Financial Group LLC acquired a new position in Carrier Global during the 3rd quarter valued at about $26,000. Finally, Salomon & Ludwin LLC increased its stake in 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. Institutional investors and hedge funds own 91.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CARR shares. Wells Fargo & Company upped their price target on shares of Carrier Global from $59.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Friday, February 6th. CICC Research lowered their price objective on shares of Carrier Global from $76.85 to $69.78 and set an "outperform" rating on the stock in a research note on Wednesday, February 11th. Robert W. Baird boosted their target price on Carrier Global from $66.00 to $72.00 and gave the stock an "outperform" rating in a report on Friday, February 6th. Barclays cut their target price on Carrier Global from $74.00 to $72.00 and set an "overweight" rating for the company in a research report on Wednesday, December 10th. Finally, Mizuho lowered their price target on Carrier Global from $75.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, January 5th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.82.

Carrier Global Stock Up 0.6%

CARR stock opened at $58.73 on Tuesday. The firm has a market cap of $49.06 billion, a PE ratio of 34.34, a P/E/G ratio of 2.34 and a beta of 1.32. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $59.61 and a 200 day simple moving average of $58.40.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). The company 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%. Carrier Global's revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts forecast that Carrier Global Corporation will post 2.99 earnings per share 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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