Korea Investment CORP Sells 76,055 Shares of Carrier Global Corporation $CARR

Korea Investment CORP cut its stake in Carrier Global Corporation (NYSE:CARR) by 14.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 457,185 shares of the company’s stock after selling 76,055 shares during the quarter. Korea Investment CORP’s holdings in Carrier Global were worth $27,294,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Carrier Global by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 93,373,143 shares of the company’s stock worth $6,833,980,000 after acquiring an additional 450,594 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Carrier Global by 23.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 38,536,301 shares of the company’s stock valued at $2,820,485,000 after purchasing an additional 7,409,432 shares during the period. Fisher Asset Management LLC boosted its position in shares of Carrier Global by 0.6% during the third quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock valued at $903,807,000 after purchasing an additional 90,585 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Carrier Global by 6.3% during the second quarter. Brown Advisory Inc. now owns 10,281,880 shares of the company’s stock valued at $752,533,000 after purchasing an additional 607,901 shares in the last quarter. Finally, Norges Bank purchased a new stake in Carrier Global in the second quarter worth $524,939,000. 91.00% of the stock is owned by institutional investors.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $58.73 on Tuesday. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The business has a fifty day moving average price of $59.61 and a 200-day moving average price of $58.40. The company has a market capitalization of $49.06 billion, a PE ratio of 34.34, a PEG ratio of 2.34 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (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 firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. The Goldman Sachs Group increased their price objective on Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Robert W. Baird upped their target price on shares of Carrier Global from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Rothschild & Co Redburn decreased their price target on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, January 21st. Morgan Stanley set a $55.00 price target on shares of Carrier Global in a research report on Thursday, January 8th. Finally, Wolfe Research upped their price objective on shares of Carrier Global from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.82.

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.