Bank Pictet & Cie Europe AG bought a new position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,898 shares of the company's stock, valued at approximately $1,237,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PineStone Asset Management Inc. grew its position in Carrier Global by 12.8% during the 2nd quarter. PineStone Asset Management Inc. now owns 5,300,483 shares of the company's stock worth $387,942,000 after purchasing an additional 601,967 shares during the period. Fortune Financial Advisors LLC boosted its stake in shares of Carrier Global by 12.0% in the second quarter. Fortune Financial Advisors LLC now owns 7,566 shares of the company's stock worth $554,000 after buying an additional 809 shares during the last quarter. Dakota Wealth Management grew its holdings in Carrier Global by 4.9% during the second quarter. Dakota Wealth Management now owns 28,082 shares of the company's stock worth $2,055,000 after acquiring an additional 1,312 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in Carrier Global during the second quarter valued at approximately $2,520,000. Finally, Perigon Wealth Management LLC lifted its holdings in Carrier Global by 1.5% in the second quarter. Perigon Wealth Management LLC now owns 30,809 shares of the company's stock valued at $2,255,000 after acquiring an additional 445 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on CARR shares. Citigroup dropped their price objective on shares of Carrier Global from $89.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, September 12th. Melius Research upgraded shares of Carrier Global to a "hold" rating and set a $90.00 price target on the stock in a research report on Tuesday, July 1st. Mizuho decreased their price objective on shares of Carrier Global from $88.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, September 15th. Wolfe Research dropped their target price on Carrier Global from $91.00 to $77.00 and set an "outperform" rating on the stock in a research report on Friday, September 12th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Carrier Global from $73.00 to $70.00 and set a "hold" rating on the stock in a research note on Tuesday. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $79.72.
Get Our Latest Report on CARR
Carrier Global Trading Down 0.6%
Shares of Carrier Global stock opened at $58.67 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. The stock's 50 day simple moving average is $66.54 and its 200-day simple moving average is $67.77. The stock has a market cap of $49.93 billion, a P/E ratio of 12.78, a P/E/G ratio of 1.82 and a beta of 1.25. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32.
Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $6.11 billion for 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. Analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.
Carrier Global Profile
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Free Report)
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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