Saudi Central Bank Purchases 24,654 Shares of Carrier Global Corporation $CARR

Key Points

• Saudi Central Bank increased its Carrier Global stake by 88.1% in the second quarter, adding 24,654 shares to own 52,632 shares valued at approximately $3.86 million. Institutional investors collectively own about 91% of the company.
• Carrier Global reported quarterly EPS of $0.86, exceeding estimates of $0.82, while revenue rose 3.9% year over year to $6.35 billion. The company maintained fiscal-year 2026 EPS guidance of $2.90.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $73.67, compared with the stock’s recent price of $59.69.

Saudi Central Bank lifted its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 88.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,632 shares of the company's stock after purchasing an additional 24,654 shares during the period. Saudi Central Bank's holdings in Carrier Global were worth $3,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Johnson Financial Group Inc. bought a new position in shares of Carrier Global in the second quarter worth about $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Carrier Global during the second quarter worth about $26,000. Financial Management Professionals Inc. raised its stake in Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company's stock valued at $28,000 after purchasing an additional 225 shares during the period. Garton & Associates Financial Advisors LLC purchased a new position in Carrier Global in the 4th quarter worth approximately $33,000. Finally, Signature Equity Partners LLC lifted its holdings in Carrier Global by 449.2% in 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. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Stock Performance

NYSE:CARR opened at $59.69 on Monday. The firm has a market capitalization of $49.20 billion, a PE ratio of 41.45, a PEG ratio of 2.30 and a beta of 1.30. The stock's fifty day moving average is $64.67 and its 200 day moving average is $63.71. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $78.00 price objective on shares of Carrier Global in a report on Thursday, July 30th. Citigroup upped their target price on shares of Carrier Global from $79.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. Morgan Stanley raised 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 note on Thursday, May 28th. Weiss Ratings reiterated a "hold (c)" rating on shares of Carrier Global in a report on Monday, July 20th. Finally, Wolfe Research reissued an "outperform" rating and set a $80.00 price objective on shares of Carrier Global in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $73.67.

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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