Carrier Global Corporation $CARR Shares Sold by Swiss Life Asset Management Ltd

Key Points

• Swiss Life Asset Management trimmed its stake in Carrier Global by 6.9% in Q3, selling 23,880 shares to hold 324,121 shares valued at $19.35 million, and institutional investors now own about 91% of CARR.
• Analysts remain broadly positive with a consensus rating of Moderate Buy (12 Buys, 8 Holds, 1 Sell) and a consensus price target of $70.82, while several firms including Goldman Sachs and Citigroup raised targets in February.
• Carrier's most recent quarter missed estimates — $0.34 EPS vs. $0.36 expected and $4.84B revenue vs. $5.05B expected (revenue down 6% YoY) — and the company set FY2026 guidance at 2.80 EPS vs. analysts' average forecast of 2.99.

Swiss Life Asset Management Ltd reduced its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 6.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 324,121 shares of the company's stock after selling 23,880 shares during the quarter. Swiss Life Asset Management Ltd's holdings in Carrier Global were worth $19,350,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CARR. KERR FINANCIAL PLANNING Corp purchased a new position in Carrier Global in the 3rd quarter valued at about $25,000. CIBC Private Wealth Group LLC grew its stake in Carrier Global by 0.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 108,352 shares of the company's stock worth $6,469,000 after purchasing an additional 333 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Carrier Global during the 3rd quarter worth about $6,528,000. Avity Investment Management Inc. raised its position in Carrier Global by 4.3% in the 3rd quarter. Avity Investment Management Inc. now owns 443,914 shares of the company's stock valued at $26,502,000 after purchasing an additional 18,242 shares in the last quarter. Finally, Danske Bank A S purchased a new position in shares of Carrier Global in the 3rd quarter valued at about $17,567,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CARR shares. Wells Fargo & Company increased their price objective on shares of Carrier Global from $59.00 to $65.00 and gave the company an "equal weight" rating in a research report on Friday, February 6th. Mizuho lowered their price objective on Carrier Global from $75.00 to $67.00 and set an "outperform" rating for the company in a research report on Monday, January 5th. Citigroup raised 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 Friday, February 6th. The Goldman Sachs Group raised their target price on shares of Carrier Global from $68.00 to $74.00 and gave the company a "buy" rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. increased their price target 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. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Carrier Global presently has an average rating of "Moderate Buy" and a consensus price target of $70.82.

Carrier Global Trading Up 2.3%

CARR stock opened at $58.96 on Friday. 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 company has a market cap of $49.26 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 2.35 and a beta of 1.32. The business has a fifty day simple moving average of $60.26 and a 200-day simple moving average of $58.00. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same period last year, the firm earned $0.54 earnings per share. The company's quarterly 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. On average, equities research analysts expect that Carrier Global Corporation will post 2.99 EPS for the current year.

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.

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