Tower View Wealth Management LLC Decreases Position in Carrier Global Corporation $CARR

Key Points

• Tower View Wealth Management cut its stake in Carrier Global (CARR) by 27.6%, selling 17,051 shares and leaving it with 44,729 shares valued at about $2.36 million.
• Carrier's most recent quarter missed estimates—$0.34 EPS vs. $0.36 expected and revenue of $4.84B vs. $5.05B expected—revenue was down 6% year-over-year; management set FY2026 guidance at 2.80 EPS while analysts expect ~2.99 EPS and the consensus rating is a "Moderate Buy" (avg. target $70.20).
• Institutional ownership is very high (~91%), with major managers like Capital International, State Street, Fisher, Dodge & Cox and PineStone actively adjusting positions—PineStone notably increased its stake by 34.6% in the fourth quarter.

Tower View Wealth Management LLC cut its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 27.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 44,729 shares of the company's stock after selling 17,051 shares during the period. Tower View Wealth Management LLC's holdings in Carrier Global were worth $2,363,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Capital International Investors raised its holdings in Carrier Global by 6.7% in the third quarter. Capital International Investors now owns 57,982,302 shares of the company's stock worth $3,461,142,000 after buying an additional 3,630,524 shares during the last quarter. State Street Corp raised its holdings in Carrier Global by 1.4% in the third quarter. State Street Corp now owns 33,377,339 shares of the company's stock worth $1,992,627,000 after buying an additional 473,692 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Carrier Global by 0.6% in the third quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company's stock worth $903,807,000 after buying an additional 90,585 shares during the last quarter. Dodge & Cox raised its holdings in Carrier Global by 5.1% in the third quarter. Dodge & Cox now owns 13,427,697 shares of the company's stock worth $801,634,000 after buying an additional 651,648 shares during the last quarter. Finally, PineStone Asset Management Inc. raised its holdings in Carrier Global by 34.6% in the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company's stock worth $377,987,000 after buying an additional 1,837,985 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

Shares of CARR stock opened at $64.30 on Tuesday. The company has a 50 day moving average price of $60.47 and a 200-day moving average price of $57.44. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The firm has a market capitalization of $53.71 billion, a PE ratio of 37.60, a P/E/G ratio of 2.58 and a beta of 1.32. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR - Get Free Report) last announced 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 return on equity of 15.30% and a net margin of 6.82%.The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The business's 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. As a group, equities research analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CARR. BNP Paribas Exane began coverage on shares of Carrier Global in a report on Tuesday. They issued a "neutral" rating for the company. Mizuho reduced their price target on shares of Carrier Global from $75.00 to $67.00 and set an "outperform" rating for the company in a research note on Monday, January 5th. Barclays reduced their price target on shares of Carrier Global from $72.00 to $67.00 and set an "overweight" rating for the company in a research note on Wednesday, April 1st. JPMorgan Chase & Co. lifted their price target on shares of Carrier Global from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday, January 16th. Finally, Morgan Stanley set a $55.00 price target on shares of Carrier Global in a research note on Thursday, January 8th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $70.20.

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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