DAVENPORT & Co LLC Has $52.35 Million Position in Carrier Global Corporation $CARR

Key Points

• DAVENPORT & Co LLC raised its Carrier stake by 851.3% in Q4 to 985,720 shares (about 0.12% of the company), a position valued at $52.35 million after acquiring 882,098 additional shares.
• Carrier missed Q4 estimates with EPS $0.34 vs. $0.36 and revenue $4.84B vs. $5.05B (revenue down 6% YoY); management set FY2026 guidance at 2.80 EPS while sell-side consensus is ~2.99 EPS for the year.
• The stock trades near $58.70 (52-week range $50.24–$81.09), has ~91% institutional ownership, and carries a "Moderate Buy" consensus from analysts with an average target of $70.82 (12 Buys, 8 Holds, 1 Sell).

DAVENPORT & Co LLC boosted its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 851.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 985,720 shares of the company's stock after acquiring an additional 882,098 shares during the period. DAVENPORT & Co LLC owned 0.12% of Carrier Global worth $52,347,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Carrier Global in the 3rd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Carrier Global during the second quarter worth $26,000. Clayton Financial Group LLC acquired a new stake in shares of Carrier Global during the third quarter worth $26,000. Global Wealth Strategies & Associates increased its holdings in Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company's stock valued at $26,000 after purchasing an additional 300 shares during the last quarter. Finally, True Wealth Design LLC increased its holdings in Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company's stock valued at $26,000 after purchasing an additional 427 shares during the last quarter. Institutional investors own 91.00% of the company's stock.

Carrier Global Trading Up 0.7%

NYSE CARR opened at $58.70 on Wednesday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The firm has a market cap of $49.04 billion, a P/E ratio of 34.33, a P/E/G ratio of 2.37 and a beta of 1.32. The stock's 50-day moving average is $60.43 and its 200-day moving average is $57.80.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CARR. Mizuho reduced their target price on Carrier Global from $75.00 to $67.00 and set an "outperform" rating on the stock in a report on Monday, January 5th. Robert W. Baird upped their price target on Carrier Global from $66.00 to $72.00 and gave the company an "outperform" rating in a research note on Friday, February 6th. Wolfe Research increased their price target on shares of Carrier Global from $71.00 to $74.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. Barclays reduced their price objective on shares of Carrier Global from $74.00 to $72.00 and set an "overweight" rating on the stock in a research note on Wednesday, December 10th. Finally, The Goldman Sachs Group boosted their price objective 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. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.82.

Carrier Global Company 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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