National Pension Service Has $86.46 Million Stock Position in Carrier Global Corporation $CARR

Key Points

• National Pension Service reduced its Carrier Global stake by 5.5% in the second quarter, selling 68,508 shares but retaining 1.18 million shares worth approximately $86.46 million. Institutional investors collectively own about 91% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $73.67; several firms recently raised targets or upgraded the stock.
• Carrier exceeded quarterly expectations, reporting $0.86 EPS versus the $0.82 estimate and $6.35 billion in revenue versus $6.02 billion expected. Revenue increased 3.9% year over year.

National Pension Service cut its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 5.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,178,695 shares of the company's stock after selling 68,508 shares during the period. National Pension Service owned approximately 0.14% of Carrier Global worth $86,457,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CARR. Johnson Financial Group Inc. acquired a new stake in shares of Carrier Global in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new position in Carrier Global during the 2nd quarter worth $26,000. Financial Management Professionals Inc. raised its holdings in Carrier Global by 142.4% in the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company's stock valued at $28,000 after acquiring an additional 225 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Carrier Global during the 4th quarter valued at $33,000. Finally, Signature Equity Partners LLC grew its holdings in shares of Carrier Global by 449.2% during the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company's stock worth $36,000 after purchasing an additional 530 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Citigroup boosted their price target on Carrier Global from $79.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, July 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Carrier Global in a research note on Monday, July 20th. Morgan Stanley boosted their target price on shares of Carrier Global from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Thursday, May 28th. Wolfe Research reaffirmed an "outperform" rating and set a $80.00 price target on shares of Carrier Global in a report on Thursday, July 9th. Finally, Zacks Research upgraded shares of Carrier Global from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $73.67.

Carrier Global Stock Performance

NYSE:CARR opened at $57.48 on Friday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The stock's 50-day simple moving average is $63.30 and its 200 day simple moving average is $63.50. The firm has a market capitalization of $47.38 billion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30.

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The firm had revenue of $6.35 billion during 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 business's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, analysts anticipate that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.

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 and related controls, building automation technologies, and services designed to improve indoor comfort, energy efficiency and building performance.

Carrier also provides refrigeration equipment and systems for commercial, industrial and transportation applications, supporting food preservation and cold-chain operations.

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