Sanford C. Bernstein Upgrades Carrier Global (NYSE:CARR) to Hold

Carrier Global (NYSE:CARR) was upgraded by equities research analysts at Sanford C. Bernstein to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

CARR has been the subject of a number of other research reports. Weiss Ratings upgraded Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Barclays increased their price target on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Wells Fargo & Company increased their price target on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Morgan Stanley increased their price target on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, Argus increased their price target on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Twelve investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.09.

Carrier Global Stock Down 4.5%

NYSE CARR opened at $68.05 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The company’s 50 day simple moving average is $63.17 and its 200 day simple moving average is $59.44. Carrier Global has a 12 month low of $50.24 and a 12 month high of $81.09. The company has a market capitalization of $56.52 billion, a P/E ratio of 44.77, a PEG ratio of 2.86 and a beta of 1.34.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the previous year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts expect that Carrier Global will post 2.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CARR. Brighton Jones LLC raised its stake in shares of Carrier Global by 30.3% in the 4th 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 raised its stake in shares of Carrier Global by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after acquiring an additional 23,200 shares in the last quarter. United Bank raised its stake in shares of Carrier Global by 41.2% in the 2nd quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after acquiring an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Carrier Global by 33.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after acquiring an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC grew its holdings in Carrier Global by 6.0% in the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after buying an additional 561 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

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.