Causeway Capital Management LLC Makes New $87.55 Million Investment in Carrier Global Corporation $CARR

Key Points

• Causeway Capital Management LLC acquired a new stake of 1,466,481 shares in Carrier Global (NYSE:CARR) valued at about $87.55 million, representing roughly 0.17% ownership of Carrier and ~1.2% of Causeway's portfolio (its 15th largest holding).
• Carrier missed quarterly estimates with EPS of $0.34 vs. $0.36 consensus and revenue of $4.84 billion (down 6% YoY); the company set FY2026 guidance at $2.80 EPS while analysts' consensus is about $2.99 and the average target is $70.82 ("Moderate Buy").
• Institutional investors own about 91% of Carrier; the stock has a market cap of ~$49.06 billion, a P/E of 34.34, and a 12‑month trading range of $50.24 to $81.09.

Causeway Capital Management LLC acquired a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,466,481 shares of the company's stock, valued at approximately $87,549,000. Carrier Global comprises approximately 1.2% of Causeway Capital Management LLC's investment portfolio, making the stock its 15th largest holding. Causeway Capital Management LLC owned about 0.17% of Carrier Global at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. increased 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 buying an additional 7,409,432 shares during the last quarter. Norges Bank bought a new position in shares of Carrier Global in the 2nd quarter valued at about $524,939,000. Capital International Investors increased its position in shares of Carrier Global by 6.7% in the third quarter. Capital International Investors now owns 57,982,302 shares of the company's stock valued at $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 raised its holdings in Carrier Global by 1,742.8% during 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 acquiring an additional 3,426,395 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in Carrier Global by 63.6% during the second quarter. Artisan Partners Limited Partnership now owns 4,952,738 shares of the company's stock valued at $362,491,000 after purchasing an additional 1,924,804 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Trading Up 0.6%

Shares of NYSE:CARR opened at $58.73 on Tuesday. The stock 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. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The business has a 50 day moving average of $59.61 and a 200-day moving average of $58.40.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share 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 firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same period in the previous year, the business posted $0.54 earnings per share. The business's revenue for the quarter 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 research analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Argus upped their price objective on Carrier Global from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, February 9th. Barclays cut their price target on shares of Carrier Global from $74.00 to $72.00 and set an "overweight" rating for the company in a research note on Wednesday, December 10th. Royal Bank Of Canada boosted their price objective on shares of Carrier Global from $70.00 to $74.00 and gave the stock an "outperform" rating in a research note on Friday, February 6th. Wolfe Research raised their target price on shares of Carrier Global from $71.00 to $74.00 and gave the company an "outperform" rating in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. boosted their price target on Carrier Global from $60.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, January 16th. Twelve research 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $70.82.

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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