Korea Investment CORP Cuts Stake in Carrier Global Corporation $CARR

Key Points

• Korea Investment CORP cut its stake in Carrier Global (CARR) by 14.3% in Q3, selling 76,055 shares and ending the period with 457,185 shares (~0.05% ownership) valued at about $27.29 million.
• Carrier missed Q results with $0.34 EPS vs. $0.36 expected and revenue of $4.84B (down 6% YoY); management set FY2026 guidance of 2.80 EPS, while analysts average ~2.99 EPS and the consensus rating is "Moderate Buy" with a $70.82 average price target.

Korea Investment CORP reduced its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 14.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 457,185 shares of the company's stock after selling 76,055 shares during the period. Korea Investment CORP owned about 0.05% of Carrier Global worth $27,294,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CARR. Spirepoint Private Client LLC boosted its position in Carrier Global by 547.7% during the third quarter. Spirepoint Private Client LLC now owns 60,694 shares of the company's stock valued at $3,623,000 after buying an additional 51,324 shares during the period. Foster Victor Wealth Advisors LLC increased its holdings in shares of Carrier Global by 24.1% in the third quarter. Foster Victor Wealth Advisors LLC now owns 216,777 shares of the company's stock worth $12,931,000 after buying an additional 42,161 shares during the period. Oak Thistle LLC purchased a new position in shares of Carrier Global in the third quarter worth about $1,986,000. Becker Capital Management Inc. lifted its stake in shares of Carrier Global by 5.6% in the 3rd quarter. Becker Capital Management Inc. now owns 425,547 shares of the company's stock valued at $25,405,000 after acquiring an additional 22,377 shares during the last quarter. Finally, Deprince Race & Zollo Inc. bought a new stake in shares of Carrier Global in the 3rd quarter valued at about $20,678,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Price Performance

Shares of CARR stock opened at $58.73 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The firm has a market cap of $49.06 billion, a P/E ratio of 34.34, a P/E/G ratio of 2.34 and a beta of 1.32. The business's 50 day moving average price is $59.61 and its 200-day moving average price is $58.40.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter in the prior year, the company earned $0.54 EPS. Carrier Global's revenue 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. On average, equities research analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Zacks Research lowered Carrier Global from a "hold" rating to a "strong sell" rating in a research report on Monday, February 9th. The Goldman Sachs Group increased their price objective on Carrier Global from $68.00 to $74.00 and gave the company a "buy" rating in a research note on Friday, February 6th. Mizuho cut their target price on shares of Carrier Global from $75.00 to $67.00 and set an "outperform" rating on the stock in a report on Monday, January 5th. Royal Bank Of Canada lifted their target price 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. Finally, Wells Fargo & Company upped their price target on shares of Carrier Global from $59.00 to $65.00 and gave the company an "equal weight" rating in a report on Friday, February 6th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Carrier Global has a consensus 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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