MBB Public Markets I LLC Makes New Investment in Carrier Global Corporation $CARR

Key Points

• MBB Public Markets I LLC purchased 4,659 shares of Carrier Global Corporation, valued at approximately $295,000, during the first quarter.
• Carrier Global's stock has a market cap of $53.04 billion and has recently reported earnings per share of $0.92, beating estimates.
• Analysts have mixed ratings for Carrier Global, with ten recommending a Buy and seven a Hold, averaging a price target of $84.00 for the stock.

MBB Public Markets I LLC acquired a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,659 shares of the company's stock, valued at approximately $295,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CARR. Nuveen LLC acquired a new stake in Carrier Global in the 1st quarter valued at about $649,512,000. JPMorgan Chase & Co. increased its stake in shares of Carrier Global by 17.6% during the first quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company's stock worth $1,973,444,000 after buying an additional 4,668,929 shares during the period. Brown Advisory Inc. raised its holdings in Carrier Global by 82.6% in the first quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company's stock valued at $613,330,000 after acquiring an additional 4,377,402 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Carrier Global by 61.9% in the first quarter. Alliancebernstein L.P. now owns 4,318,806 shares of the company's stock worth $273,812,000 after acquiring an additional 1,651,873 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Carrier Global by 7,043.4% during the 1st quarter. GAMMA Investing LLC now owns 1,058,653 shares of the company's stock worth $67,119,000 after acquiring an additional 1,043,833 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

NYSE CARR traded down $0.48 during trading hours on Monday, hitting $61.19. The company had a trading volume of 6,924,595 shares, compared to its average volume of 5,401,992. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The company has a market cap of $52.07 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 1.74 and a beta of 1.25. The business has a 50 day moving average of $69.37 and a 200-day moving average of $68.11.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, equities research analysts expect that Carrier Global Corporation will post 2.99 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on CARR shares. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $79.00 price objective on shares of Carrier Global in a research report on Tuesday, July 15th. Melius Research raised shares of Carrier Global to a "hold" rating and set a $90.00 price objective on the stock in a research report on Tuesday, July 1st. Robert W. Baird dropped their price objective on shares of Carrier Global from $85.00 to $84.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Royal Bank Of Canada dropped their price objective on shares of Carrier Global from $87.00 to $75.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Morgan Stanley dropped their price objective on shares of Carrier Global from $78.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $82.12.

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.