AG2R LA Mondiale Gestion D Actifs Buys Shares of 33,861 Carrier Global Corporation $CARR

Key Points

• AG2R LA Mondiale Gestion D Actifs purchased 33,861 shares of Carrier Global Corporation, valued at approximately $2,147,000, signaling institutional interest in the company.
• Analysts are adjusting their ratings on Carrier Global, with Royal Bank of Canada and Morgan Stanley reducing their price targets to $75.00, while others maintain a “buy” or “hold” rating.
• Carrier Global's recent earnings report showed $0.92 earnings per share and revenue of $6.11 billion, surpassing analyst expectations.

AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,861 shares of the company's stock, valued at approximately $2,147,000.

Other hedge funds have also made changes to their positions in the company. Park Square Financial Group LLC acquired a new position in shares of Carrier Global during the fourth quarter valued at approximately $28,000. Accredited Wealth Management LLC acquired a new position in shares of Carrier Global during the first quarter valued at approximately $28,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Carrier Global during the first quarter valued at approximately $29,000. Mattson Financial Services LLC acquired a new position in shares of Carrier Global during the fourth quarter valued at approximately $31,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of Carrier Global during the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analyst Weigh In

CARR has been the subject of a number of research analyst reports. Royal Bank Of Canada reduced their target price on Carrier Global from $87.00 to $75.00 and set an "outperform" rating for the company in a report on Friday. Morgan Stanley cut their price target on Carrier Global from $78.00 to $75.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. Barclays cut their price target on Carrier Global from $82.00 to $74.00 and set an "overweight" rating for the company in a report on Thursday. The Goldman Sachs Group cut their price target on Carrier Global from $88.00 to $76.00 and set a "buy" rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $79.00 price target on shares of Carrier Global in a report on Tuesday, July 15th. Ten analysts have rated the stock with a Buy rating and seven 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 $82.12.

Carrier Global Trading Down 1.0%

Shares of Carrier Global stock opened at $61.68 on Friday. The firm has a market capitalization of $52.49 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.76 and a beta of 1.25. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. The stock has a 50 day moving average of $69.37 and a 200 day moving average of $68.07.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $6.11 billion during the quarter, compared to analyst estimates 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, research analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current 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.

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