Carrier Global Corporation $CARR Stake Raised by Confluence Investment Management LLC

Key Points

• Confluence Investment Management raised its Carrier Global stake by 54.3% in the third quarter, adding 256,723 shares to own 729,501 shares valued at approximately $40 million. Institutional investors collectively hold about 91% of the company.
• Carrier reported quarterly EPS of $0.86, beating estimates of $0.82, while revenue rose 3.9% year over year to $6.35 billion. The company maintained fiscal 2026 EPS guidance of $2.90.
• Shares recently traded at $54.73, below their 50-day and 200-day moving averages. Analysts maintain a consensus “Moderate Buy” rating with a $73.04 average price target, despite mixed individual recommendations.

Confluence Investment Management LLC increased its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 54.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 729,501 shares of the company's stock after buying an additional 256,723 shares during the quarter. Confluence Investment Management LLC owned about 0.09% of Carrier Global worth $40,020,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its holdings in Carrier Global by 15.5% during the second quarter. QRG Capital Management Inc. now owns 152,176 shares of the company's stock valued at $11,162,000 after purchasing an additional 20,372 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Carrier Global by 19.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 19,189 shares of the company's stock valued at $1,407,000 after purchasing an additional 3,131 shares during the period. Anchor Investment Management LLC grew its holdings in Carrier Global by 25.8% during the 2nd quarter. Anchor Investment Management LLC now owns 4,551 shares of the company's stock valued at $334,000 after purchasing an additional 934 shares during the last quarter. Reynders McVeigh Capital Management LLC grew its stake in Carrier Global by 3.0% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 918,219 shares of the company's stock worth $67,351,000 after acquiring an additional 27,061 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Carrier Global by 21.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 37,802 shares of the company's stock worth $2,773,000 after purchasing an additional 6,733 shares during the period. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Trading Down 0.2%

CARR traded down $0.13 during mid-day trading on Thursday, hitting $54.73. 2,144,755 shares of the stock were exchanged, compared to its average volume of 6,834,511. The firm's fifty day moving average is $59.86 and its two-hundred day moving average is $62.99. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The company has a market cap of $45.11 billion, a PE ratio of 37.94, a PEG ratio of 2.13 and a beta of 1.30. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Citigroup raised their price objective on Carrier Global from $79.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, July 13th. Zacks Research upgraded shares of Carrier Global from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Carrier Global from $71.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday. Sanford C. Bernstein restated a "market perform" rating and set a $78.00 price target on shares of Carrier Global in a research report on Thursday, July 30th. Finally, Wells Fargo & Company began coverage on shares of Carrier Global in a research report on Thursday, September 24th. They issued an "overweight" rating and a $67.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.04.

Carrier Global Company 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, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.

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