Carrier Global Corporation $CARR Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group cut its stake in Carrier Global by 6.4% in Q4, selling 116,642 shares and now holds 1,715,205 shares (about 0.20% of the company) valued at $90.63 million.
• Carrier missed quarterly expectations, reporting $0.34 EPS versus a $0.36 consensus and $4.84 billion in revenue versus $5.05 billion expected; revenue was down 6% YoY and the company set FY2026 guidance at 2.80 EPS versus analyst forecasts of ~2.99, with a consensus rating of "Moderate Buy" and a $70.20 target.
• Institutional investors own 91% of Carrier's stock; the shares trade near $64.30 with a market cap of $53.71 billion and a 52‑week range of $50.24–$81.09.

Sumitomo Mitsui Trust Group Inc. lowered its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 6.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,715,205 shares of the company's stock after selling 116,642 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.20% of Carrier Global worth $90,631,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in CARR. Brighton Jones LLC grew its stake in Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company's stock valued at $543,000 after acquiring an additional 1,850 shares during the period. AQR Capital Management LLC grew its stake in Carrier Global by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company's stock valued at $4,236,000 after acquiring an additional 23,200 shares during the period. United Bank boosted its stake in Carrier Global by 41.2% during the 2nd quarter. United Bank now owns 16,991 shares of the company's stock worth $1,244,000 after purchasing an additional 4,956 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in Carrier Global by 33.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company's stock worth $1,242,000 after purchasing an additional 4,277 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in Carrier Global by 6.0% during the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company's stock worth $725,000 after purchasing an additional 561 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Stock Up 1.5%

NYSE CARR opened at $64.30 on Tuesday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. The business's fifty day simple moving average is $60.47 and its 200-day simple moving average is $57.44. The firm has a market cap of $53.71 billion, a PE ratio of 37.60, a P/E/G ratio of 2.58 and a beta of 1.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $5.05 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The firm's revenue was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on CARR. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Carrier Global in a research note on Monday, December 29th. Wells Fargo & Company lowered their target price on shares of Carrier Global from $65.00 to $58.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 1st. UBS Group lowered their target price on shares of Carrier Global from $73.00 to $70.00 and set a "buy" rating on the stock in a research note on Monday, January 5th. Argus lifted their target price on shares of Carrier Global from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, February 9th. Finally, Morgan Stanley set a $55.00 target price on shares of Carrier Global in a research note on Thursday, January 8th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Carrier Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.20.

Carrier Global 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.