Carrier Global Corporation (CARR) is Positioned for Market Share Gain Over Time

3 hours ago 2

Soumya Eswaran

Tue, May 26, 2026 astatine 7:16 AM CDT 3 min read

Diamond Hill Capital, a First Eagle Investment Management company, issued its Q1 2026 capitalist missive for its “Large Cap Strategy”. A transcript of the missive is disposable to download here. The Strategy declined 2.39% (net of fees), trailing the Russell 1000 Value Index’s 2.10%. The show was positively affected by banal enactment successful industrials and user discretionary, on with an underweight successful connection services. While banal enactment successful accusation technology, financials, and wellness attraction was the largest detractor from comparative performance. The warfare successful Iran is creating uncertainty successful markets. However, it efficaciously supported the portfolio’s absorption connected oil-sensitive exploration and accumulation companies. Technology companies are nether unit successful Q1 amid concerns astir AI's imaginable antagonistic effects connected their businesses, but their competitory advantages stay stronger than their existent valuations suggest. Despite these challenges, the marketplace is opening to grow into much charismatic opportunities, particularly successful antiaircraft sectors and cyclicals that bash not payment from AI. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2026.

In its first-quarter 2026 capitalist letter, Diamond Hill Capital Large Cap Strategy highlighted Carrier Global Corporation (NYSE:CARR) arsenic a recently added position. Carrier Global Corporation (NYSE:CARR) is an intelligent clime and vigor solutions supplier that operates done Heating, Ventilating, and Air Conditioning (HVAC) and Refrigeration segments. On May 22, 2026, Carrier Global Corporation (NYSE:CARR) closed astatine $63.14 per share. One-month instrumentality of Carrier Global Corporation (NYSE:CARR) was 1.99%, and its shares mislaid 11.05% implicit the past 52 weeks. Carrier Global Corporation (NYSE:CARR) has a marketplace capitalization of $52.44 billion.

Diamond Hill Capital Large Cap Strategy stated the pursuing regarding Carrier Global Corporation (NYSE:CARR) successful its Q1 2026 capitalist letter:

"Following its March 2020 spin-off from United Technologies, residential and commercialized HVAC supplier Carrier Global Corporation (NYSE:CARR) is present a focused, high-quality concern that we judge is successful an fantabulous presumption to proceed to summation marketplace stock and amended margins agelong term. However, a cyclical downturn successful residential markets has weighed connected near-term results, creating an accidental to initiate a presumption astatine a important discount to our estimation of intrinsic value."

Wells Fargo and JPMorgan Cut Carrier (CARR) Price Targets After Weak Q3

Carrier Global Corporation (NYSE:CARR) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 59 hedge money portfolios held Carrier Global Corporation (NYSE:CARR) astatine the extremity of the 4th quarter, up from 48 successful the erstwhile quarter. In Q1 2026, Carrier Global Corporation's (NYSE:CARR) reported income were $5.3 billion, adjusted operating nett was $594 million, and adjusted EPS was $0.57. While we admit the imaginable of Carrier Global Corporation (NYSE:CARR) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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