Moody National Bank Trust Division Purchases 19,659 Shares of Carrier Global Corporation $CARR

Key Points

• Moody National Bank Trust Division increased its Carrier Global holdings by 265.7% in the third quarter, acquiring 19,659 additional shares for a total position of 27,058 shares valued at approximately $1.48 million.
• Carrier Global reported quarterly earnings of $0.86 per share and revenue of $6.35 billion, exceeding analyst estimates, while revenue rose 3.9% year over year.
• Analyst sentiment remains favorable but mixed, with a consensus “Moderate Buy” rating and an average price target of $73.04, compared with the stock’s reported price of $56.09.

Moody National Bank Trust Division raised its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 265.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,058 shares of the company's stock after acquiring an additional 19,659 shares during the quarter. Moody National Bank Trust Division's holdings in Carrier Global were worth $1,484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Ridgewood Investments LLC grew its holdings in shares of Carrier Global by 9.2% in the 3rd quarter. Ridgewood Investments LLC now owns 26,276 shares of the company's stock worth $1,442,000 after acquiring an additional 2,213 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its position in shares of Carrier Global by 9.4% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 71,635 shares of the company's stock worth $3,930,000 after purchasing an additional 6,160 shares during the period. Eastern Bank lifted its holdings in shares of Carrier Global by 1.5% during the third quarter. Eastern Bank now owns 15,861 shares of the company's stock valued at $870,000 after purchasing an additional 230 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Carrier Global by 21.6% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 4,408 shares of the company's stock valued at $242,000 after purchasing an additional 783 shares during the period. Finally, Confluence Investment Management LLC increased its stake in Carrier Global by 54.3% in the 3rd quarter. Confluence Investment Management LLC now owns 729,501 shares of the company's stock worth $40,020,000 after purchasing an additional 256,723 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Carrier Global Trading Up 0.6%

Shares of NYSE CARR opened at $56.09 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The business has a 50-day moving average price of $58.89 and a two-hundred day moving average price of $62.96. The firm has a market capitalization of $46.23 billion, a PE ratio of 38.95, a PEG ratio of 1.90 and a beta of 1.29.

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The firm's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, analysts predict that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CARR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on Carrier Global from $71.00 to $64.00 and set a "hold" rating on the stock in a report on Wednesday, September 30th. Zacks Research cut shares of Carrier Global from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 1st. Wells Fargo & Company initiated coverage on shares of Carrier Global in a research report on Thursday, September 24th. They issued an "overweight" rating and a $67.00 target price on the stock. Wolfe Research restated an "outperform" rating and set a $80.00 price target on shares of Carrier Global in a report on Thursday, July 9th. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $78.00 price target on shares of Carrier Global in a research report on Thursday, July 30th. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $73.04.

About Carrier Global

Carrier Global Corporation NYSE: CARR is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.

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