Foster Victor Wealth Advisors LLC Reduces Stock Position in Carrier Global Corporation $CARR

Foster Victor Wealth Advisors LLC lowered its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,534 shares of the company’s stock after selling 33,243 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Carrier Global were worth $10,313,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Code Waechter LLC boosted its holdings in Carrier Global by 5.0% during the 4th quarter. Code Waechter LLC now owns 3,983 shares of the company’s stock valued at $210,000 after acquiring an additional 189 shares during the period. Farther Finance Advisors LLC boosted its holdings in Carrier Global by 72.3% during the 4th quarter. Farther Finance Advisors LLC now owns 15,721 shares of the company’s stock valued at $831,000 after acquiring an additional 6,596 shares during the period. Patton Fund Management Inc. boosted its holdings in Carrier Global by 11.1% during the 4th quarter. Patton Fund Management Inc. now owns 4,073 shares of the company’s stock valued at $215,000 after acquiring an additional 406 shares during the period. Optima Capital LLC purchased a new position in Carrier Global during the 4th quarter valued at $126,000. Finally, JM2 Capital Inc. purchased a new position in Carrier Global during the 4th quarter valued at $378,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CARR. Citigroup upped their target price on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Evercore began coverage on Carrier Global in a report on Monday. They issued an “outperform” rating and a $75.00 target price for the company. The Goldman Sachs Group upped their target price on Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Rothschild & Co Redburn lowered their target price on Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Finally, Barclays lowered their target price on Carrier Global from $72.00 to $67.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Thirteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and an average target price of $69.79.

Carrier Global Price Performance

Shares of CARR stock opened at $64.68 on Wednesday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The stock has a market capitalization of $54.04 billion, a price-to-earnings ratio of 37.82, a P/E/G ratio of 2.62 and a beta of 1.32. The stock has a fifty day simple moving average of $60.54 and a two-hundred day simple moving average of $57.48. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The company’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts predict that Carrier Global Corporation will post 2.99 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.