Legal & General Group Plc Buys 175,796 Shares of Carrier Global Corporation $CARR

Key Points

• Legal & General Group Plc increased its stake in Carrier Global by 3.8%, buying 175,796 shares to hold 4,845,332 shares valued at about $289.3 million per its most recent 13F filing.
• Institutional investors own roughly 91% of CARR, with major moves including JPMorgan raising its position to 38.5 million shares (+23.8%) and Norges Bank initiating a ~ $525 million position, indicating strong institutional interest.
• Analysts give Carrier a consensus rating of “Moderate Buy” with a $70.82 target, while the company recently missed quarterly EPS ($0.34 vs. $0.36), saw revenue fall 6% to $4.84 billion, and set FY2026 guidance at 2.80 EPS.

Legal & General Group Plc increased its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,845,332 shares of the company's stock after purchasing an additional 175,796 shares during the period. Legal & General Group Plc owned approximately 0.58% of Carrier Global worth $289,266,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of 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 acquiring an additional 7,409,432 shares during the period. Norges Bank acquired a new position in Carrier Global during the second quarter valued at approximately $524,939,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew 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 valued at $265,167,000 after purchasing an additional 3,426,395 shares during the period. Artisan Partners Limited Partnership increased its stake in Carrier Global by 63.6% in 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Carrier Global by 29.2% in the third quarter. Bank of New York Mellon Corp now owns 6,740,099 shares of the company's stock worth $402,384,000 after purchasing an additional 1,525,266 shares during the period. Institutional investors own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CARR. Morgan Stanley set a $55.00 price target on shares of Carrier Global in a research report on Thursday, January 8th. UBS Group decreased their price target on shares of Carrier Global from $73.00 to $70.00 and set a "buy" rating for the company in a report on Monday, January 5th. Royal Bank Of Canada upped their price objective on shares of Carrier Global from $70.00 to $74.00 and gave the company an "outperform" rating in a research report on Friday, February 6th. Mizuho dropped their price objective on Carrier Global from $75.00 to $67.00 and set an "outperform" rating on the stock in a research note on Monday, January 5th. Finally, Barclays reduced their target price on Carrier Global from $74.00 to $72.00 and set an "overweight" rating on the stock in a report on Wednesday, December 10th. Twelve investment 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $70.82.

Carrier Global Stock Performance

Shares of CARR opened at $58.73 on Thursday. The firm has a market cap of $49.07 billion, a P/E ratio of 34.35, a PEG ratio of 2.38 and a beta of 1.32. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. The firm's 50 day moving average price is $59.83 and its two-hundred day moving average price is $58.34.

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 company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The firm's revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

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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