Pure Financial Advisors LLC Grows Stock Holdings in Carrier Global Corporation $CARR

Pure Financial Advisors LLC boosted its stake in Carrier Global Corporation (NYSE:CARR) by 13.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,669 shares of the company’s stock after purchasing an additional 539 shares during the quarter. Pure Financial Advisors LLC’s holdings in Carrier Global were worth $342,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Accredited Wealth Management LLC purchased a new stake in Carrier Global in the 1st quarter worth $28,000. Investment Research & Advisory Group Inc. purchased a new stake in Carrier Global in the 1st quarter worth $29,000. Graybill Wealth Management LTD. purchased a new stake in Carrier Global in the 1st quarter worth $38,000. Cheviot Value Management LLC purchased a new stake in Carrier Global in the 1st quarter worth $38,000. Finally, Rossby Financial LCC purchased a new stake in Carrier Global in the 1st quarter worth $51,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Carrier Global stock opened at $59.63 on Friday. 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 Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The firm has a market capitalization of $50.75 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 1.83 and a beta of 1.25. The company’s 50-day moving average is $64.27 and its 200 day moving average is $67.49.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The company had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. The Goldman Sachs Group decreased their price target on shares of Carrier Global from $88.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Royal Bank Of Canada reduced their target price on shares of Carrier Global from $87.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Oppenheimer reduced their target price on shares of Carrier Global from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday, September 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Carrier Global in a report on Saturday, September 27th. Finally, Morgan Stanley reduced their target price on shares of Carrier Global from $78.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and an average target price of $79.00.

Carrier Global Company 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.