Triasima Portfolio Management inc. Invests $1.42 Million in Carrier Global Corporation $CARR

Triasima Portfolio Management inc. purchased a new position in Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,420 shares of the company’s stock, valued at approximately $1,421,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. REAP Financial Group LLC bought a new position in Carrier Global during the second quarter valued at about $29,000. Accredited Wealth Management LLC bought a new position in Carrier Global during the first quarter valued at about $28,000. Investment Research & Advisory Group Inc. bought a new position in Carrier Global during the first quarter valued at about $29,000. Graybill Wealth Management LTD. bought a new position in Carrier Global during the first quarter valued at about $38,000. Finally, Cheviot Value Management LLC bought a new position in Carrier Global during the first quarter valued at about $38,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CARR shares. Melius started coverage on Carrier Global in a research note on Tuesday, July 1st. They set a “hold” rating and a $90.00 target price for the company. Wells Fargo & Company reduced their target price on Carrier Global from $75.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday. Wolfe Research reduced their target price on Carrier Global from $91.00 to $77.00 and set an “outperform” rating for the company in a report on Friday, September 12th. Rothschild & Co Redburn reduced their target price on Carrier Global from $76.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Finally, Citigroup reduced their target price on Carrier Global from $89.00 to $75.00 and set a “buy” rating for the company in a report on Friday, September 12th. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.47.

Carrier Global Stock Down 1.2%

Shares of Carrier Global stock opened at $59.11 on Wednesday. The stock has a 50-day moving average price of $63.61 and a 200 day moving average price of $67.39. The company has a market cap of $50.30 billion, a P/E ratio of 12.88, a P/E/G ratio of 1.86 and a beta of 1.25. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $83.32.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm 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. As a group, analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

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.