Laffer Tengler Investments Inc. Buys 22,580 Shares of Carrier Global Corporation $CARR

Laffer Tengler Investments Inc. boosted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 20.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,775 shares of the company’s stock after purchasing an additional 22,580 shares during the quarter. Carrier Global accounts for approximately 1.3% of Laffer Tengler Investments Inc.’s holdings, making the stock its 26th biggest position. Laffer Tengler Investments Inc.’s holdings in Carrier Global were worth $7,986,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Winnow Wealth LLC bought a new stake in shares of Carrier Global in the second quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Carrier Global during the second quarter valued at about $26,000. Clayton Financial Group LLC acquired a new position in Carrier Global in the 3rd quarter valued at approximately $26,000. Traub Capital Management LLC bought a new stake in shares of Carrier Global in the 2nd quarter worth approximately $27,000. Finally, Salomon & Ludwin LLC grew its holdings in shares of Carrier Global by 460.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $29,000 after purchasing an additional 396 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Down 4.3%

CARR opened at $61.08 on Wednesday. The firm has a market cap of $51.05 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 2.56 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. The firm’s 50-day simple moving average is $59.11 and its 200-day simple moving average is $58.59. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09.

Carrier Global (NYSE:CARR) last released 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). The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. Carrier Global’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CARR. Morgan Stanley set a $55.00 price objective on Carrier Global in a research report on Thursday, January 8th. Wolfe Research boosted their price target on shares of Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Royal Bank Of Canada increased their price objective on shares of Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Robert W. Baird lifted their target price on shares of Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Finally, Citigroup upped their target price on shares of Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock 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.