800 Shares in Carrier Global Corporation $CARR Bought by Carderock Capital Management Inc.

Carderock Capital Management Inc. bought a new position in Carrier Global Corporation (NYSE:CARR) during the second quarter, according to its most recent filing with the SEC. The firm bought 800 shares of the company’s stock, valued at approximately $59,000.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its holdings in shares of Carrier Global by 51.8% in the 1st quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company’s stock worth $88,000 after purchasing an additional 474 shares in the last quarter. Bessemer Group Inc. lifted its stake in Carrier Global by 15.7% during the 1st quarter. Bessemer Group Inc. now owns 28,768 shares of the company’s stock valued at $1,823,000 after acquiring an additional 3,900 shares in the last quarter. Sowell Financial Services LLC bought a new position in Carrier Global during the 1st quarter valued at $234,000. Ransom Advisory Ltd bought a new position in Carrier Global during the 1st quarter valued at $400,000. Finally, Aberdeen Group plc lifted its stake in Carrier Global by 1.8% during the 1st quarter. Aberdeen Group plc now owns 717,658 shares of the company’s stock valued at $44,854,000 after acquiring an additional 12,346 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Performance

NYSE:CARR opened at $61.13 on Friday. The business has a 50 day moving average of $68.20 and a 200 day moving average of $67.97. The company has a market capitalization of $52.02 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.84 and a beta of 1.25. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $6.11 billion during the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, sell-side analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CARR has been the topic of several recent analyst reports. Citigroup dropped their price objective on Carrier Global from $89.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Mizuho dropped their price objective on Carrier Global from $88.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday. Barclays dropped their price objective on Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday, September 11th. Oppenheimer dropped their price objective on Carrier Global from $85.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Melius initiated coverage on Carrier Global in a research note on Tuesday, July 1st. They set a “hold” rating and a $90.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.29.

Carrier Global Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.