Gamco Investors INC. ET AL Has $5.47 Million Stock Position in Carrier Global Corporation $CARR

Key Points

• Gamco Investors cut its stake in Carrier Global by 38.7%, selling 57,728 shares and leaving it with 91,535 shares worth about $5.47 million at the end of the reporting period.
• Carrier missed Q earnings and revenue on Feb 5 (EPS $0.34 vs. $0.36 expected; revenue $4.84B vs. $5.05B expected), with revenue down 6% year-over-year and the company setting FY 2026 guidance at 2.80 EPS while analysts forecast ~2.99 EPS for the current year.
• The stock opened at $58.36 (market cap ~$48.8B), trades within a 1‑year range of $50.24–$81.09, and carries an average analyst price target of $70.82 with a consensus rating of “Moderate Buy.”

Gamco Investors INC. ET AL cut its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 38.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,535 shares of the company's stock after selling 57,728 shares during the period. Gamco Investors INC. ET AL's holdings in Carrier Global were worth $5,465,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company's stock valued at $543,000 after purchasing an additional 1,850 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company's stock worth $4,236,000 after purchasing an additional 23,200 shares during the last quarter. United Bank raised its stake in shares of Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company's stock worth $1,244,000 after purchasing an additional 4,956 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Carrier Global by 33.7% in the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company's stock valued at $1,242,000 after purchasing an additional 4,277 shares in the last quarter. Finally, Atlantic Union Bankshares Corp boosted its position in shares of Carrier Global by 73.2% during the second quarter. Atlantic Union Bankshares Corp now owns 6,240 shares of the company's stock valued at $457,000 after buying an additional 2,638 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Stock Down 3.4%

Shares of NYSE:CARR opened at $58.36 on Monday. The company has a market capitalization of $48.76 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 2.34 and a beta of 1.32. 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 business has a fifty day moving average price of $59.51 and a two-hundred day moving average price of $58.45. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CARR shares. Morgan Stanley set a $55.00 price target on Carrier Global in a report on Thursday, January 8th. JPMorgan Chase & Co. lifted their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, January 16th. Robert W. Baird upped their target price on shares of Carrier Global from $66.00 to $72.00 and gave the stock an "outperform" rating in a research note on Friday, February 6th. Barclays lowered their target price on shares of Carrier Global from $74.00 to $72.00 and set an "overweight" rating for the company in a report on Wednesday, December 10th. Finally, Citigroup raised their price target on shares of Carrier Global from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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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