29,804 Shares in Carrier Global Corporation $CARR Purchased by Nilsine Partners LLC

Key Points

• Nilsine Partners LLC purchased 29,804 shares of Carrier Global valued at approximately $2.19 million during the second quarter. Institutional investors collectively own about 91% of the company.
• Carrier Global exceeded quarterly expectations, reporting $0.86 in adjusted EPS versus $0.82 expected and revenue of $6.35 billion versus $6.02 billion expected; revenue increased 3.9% year over year.
• Analysts maintain a generally positive outlook, with an overall “Moderate Buy” rating and an average price target of $73.67, compared with the stock’s reported price of $59.69.

Nilsine Partners LLC bought a new stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 29,804 shares of the company's stock, valued at approximately $2,186,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CARR. Johnson Financial Group Inc. purchased a new stake in Carrier Global in the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new position in Carrier Global during the second quarter worth $26,000. Financial Management Professionals Inc. increased its position in Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company's stock worth $28,000 after buying an additional 225 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in shares of Carrier Global in the fourth quarter worth $33,000. Finally, Signature Equity Partners LLC raised its holdings in shares of Carrier Global by 449.2% in the first quarter. Signature Equity Partners LLC now owns 648 shares of the company's stock worth $36,000 after acquiring an additional 530 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Stock Down 0.0%

Shares of NYSE:CARR opened at $59.69 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The firm has a market cap of $49.20 billion, a price-to-earnings ratio of 41.45, a PEG ratio of 2.30 and a beta of 1.30. The stock's 50-day moving average price is $64.67 and its two-hundred day moving average price is $63.71. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $76.76.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, research analysts forecast that Carrier Global Corporation will post 2.87 EPS for the current year.

Analyst Ratings Changes

CARR has been the topic of a number of analyst reports. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $78.00 price objective on shares of Carrier Global in a research note on Thursday, July 30th. Wolfe Research restated an "outperform" rating and issued a $80.00 target price on shares of Carrier Global in a report on Thursday, July 9th. Zacks Research raised shares of Carrier Global from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Carrier Global in a report on Monday, July 20th. Finally, Citigroup upped their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $73.67.

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.

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