Confluence Investment Management LLC Has $11.14 Million Stake in Carrier Global Corporation $CARR

Key Points

• Confluence Investment Management LLC trimmed its stake in Carrier Global by 10% in Q4, selling 23,482 shares and ending the period with 210,732 shares worth about $11.14 million; institutional investors own roughly 91% of the stock.
• Carrier missed quarterly expectations—EPS $0.34 vs. $0.36 estimate and revenue $4.84B vs. $5.05B, down 6% year-over-year—and issued FY2026 guidance of 2.80 EPS (sell-side consensus is 2.99).
• Analyst sentiment is a Moderate Buy (12 Buys, 8 Holds, 1 Sell) with a consensus target of $70.82, while shares trade around $58.96 within a 52-week range of $50.24–$81.09.

Confluence Investment Management LLC trimmed its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 210,732 shares of the company's stock after selling 23,482 shares during the period. Confluence Investment Management LLC's holdings in Carrier Global were worth $11,135,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Kingsview Wealth Management LLC grew its holdings in shares of Carrier Global by 1.0% in the 2nd quarter. Kingsview Wealth Management LLC now owns 17,110 shares of the company's stock worth $1,252,000 after purchasing an additional 165 shares during the last quarter. Empirical Finance LLC lifted its holdings in Carrier Global by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 29,227 shares of the company's stock valued at $2,139,000 after purchasing an additional 168 shares during the last quarter. PKS Advisory Services LLC lifted its holdings in Carrier Global by 3.5% during the 2nd quarter. PKS Advisory Services LLC now owns 5,098 shares of the company's stock valued at $373,000 after purchasing an additional 173 shares during the last quarter. Ironwood Investment Counsel LLC boosted its position in Carrier Global by 4.6% in the third quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company's stock valued at $244,000 after buying an additional 181 shares in the last quarter. Finally, River Wealth Advisors LLC boosted its position in Carrier Global by 2.2% in the second quarter. River Wealth Advisors LLC now owns 8,603 shares of the company's stock valued at $630,000 after buying an additional 184 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Carrier Global in a research note on Monday, December 29th. Argus boosted their target price on Carrier Global from $70.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, February 9th. JPMorgan Chase & Co. increased 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. Barclays dropped their price target on Carrier Global from $74.00 to $72.00 and set an "overweight" rating for the company in a report on Wednesday, December 10th. Finally, Morgan Stanley set a $55.00 price objective on Carrier Global in a research report on Thursday, January 8th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Carrier Global has a consensus rating of "Moderate Buy" and a consensus target price of $70.82.

Carrier Global Price Performance

Shares of CARR stock opened at $58.96 on Friday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The firm's 50 day moving average is $60.26 and its 200-day moving average is $58.00. The firm has a market capitalization 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 company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR - Get Free Report) last released 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 net margin of 6.82% and a return on equity of 15.30%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same period last year, the company earned $0.54 earnings per share. Carrier Global's revenue for the quarter was down 6.0% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Sell-side analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal 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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