SG Americas Securities LLC Purchases 683,019 Shares of Carrier Global Corporation $CARR

Key Points

• SG Americas Securities LLC boosted its Carrier stake by 2,226.9% in Q4, buying 683,019 shares to hold 713,690 shares (about 0.08% of the company) valued at $37.7 million.
• Carrier's latest quarter missed expectations—EPS $0.34 vs. $0.36 and revenue $4.84B vs. $5.05B—revenue declined 6% year-over-year and the company set FY2026 guidance at 2.80 EPS versus analysts' ~2.99 estimate.
• Analysts have an average rating of "Moderate Buy" with a $70.82 price target; the stock trades near $59, has a market cap of ~$49.6B and a PE of 34.7, and institutional investors own about 91%.

SG Americas Securities LLC increased its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 2,226.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 713,690 shares of the company's stock after purchasing an additional 683,019 shares during the period. SG Americas Securities LLC owned 0.08% of Carrier Global worth $37,711,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CARR. Ironwood Investment Counsel LLC boosted its holdings in shares of Carrier Global by 4.6% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company's stock valued at $244,000 after buying an additional 181 shares in the last quarter. River Wealth Advisors LLC increased its stake in shares of Carrier Global by 2.2% in the 2nd quarter. River Wealth Advisors LLC now owns 8,603 shares of the company's stock worth $630,000 after acquiring an additional 184 shares in the last quarter. HCR Wealth Advisors lifted its position in Carrier Global by 4.3% during the 3rd quarter. HCR Wealth Advisors now owns 4,673 shares of the company's stock valued at $275,000 after acquiring an additional 193 shares during the period. Diversified Trust Co boosted its stake in Carrier Global by 1.1% during the third quarter. Diversified Trust Co now owns 17,444 shares of the company's stock worth $1,041,000 after acquiring an additional 194 shares in the last quarter. Finally, World Investment Advisors boosted its stake in Carrier Global by 2.4% during the third quarter. World Investment Advisors now owns 8,517 shares of the company's stock worth $508,000 after acquiring an additional 199 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Carrier Global Stock Up 1.3%

Shares of Carrier Global stock opened at $59.33 on Thursday. The company has a 50-day simple moving average of $60.50 and a two-hundred day simple moving average of $57.81. The stock has a market capitalization of $49.57 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 2.39 and a beta of 1.32. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week 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.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly 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 firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $5.05 billion. During the same quarter in the previous year, the company earned $0.54 EPS. The company's quarterly 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, analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on CARR. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Carrier Global in a research note on Monday, December 29th. Wolfe Research boosted their price target on Carrier Global from $71.00 to $74.00 and gave the stock an "outperform" rating in a research report on Friday, February 27th. JPMorgan Chase & Co. upped their price target on Carrier Global from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday, January 16th. UBS Group reduced their price objective on Carrier Global from $73.00 to $70.00 and set a "buy" rating for the company in a research report on Monday, January 5th. Finally, Morgan Stanley set a $55.00 price objective on Carrier Global in a research note on Thursday, January 8th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $70.82.

Carrier Global 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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