Riverview Capital Advisers LLC Lowers Stock Holdings in Carrier Global Corporation $CARR

Riverview Capital Advisers LLC lowered its position in Carrier Global Corporation (NYSE:CARR) by 19.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 87,979 shares of the company’s stock after selling 21,153 shares during the period. Carrier Global comprises approximately 1.8% of Riverview Capital Advisers LLC’s holdings, making the stock its 21st largest position. Riverview Capital Advisers LLC’s holdings in Carrier Global were worth $6,453,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Brighton Jones LLC lifted its position in shares of Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after acquiring an additional 1,850 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after acquiring an additional 23,200 shares during the period. United Bank grew its position in shares of Carrier Global by 41.2% during the second quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after purchasing an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. grew its position in shares of Carrier Global by 33.7% during the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after purchasing an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in Carrier Global by 6.0% during the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after purchasing an additional 561 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on CARR shares. Morgan Stanley upped their price target on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. lifted their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Zacks Research raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Wolfe Research restated an “outperform” rating and set a $80.00 target price on shares of Carrier Global in a research report on Thursday, July 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $59.69 on Friday. The stock has a 50 day moving average of $64.67 and a 200 day moving average of $63.73. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The firm has a market cap of $49.20 billion, a PE ratio of 41.45, a PEG ratio of 2.30 and a beta of 1.30. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, research analysts expect that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.

About Carrier Global

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.