Foster Victor Wealth Advisors LLC raised its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 174,616 shares of the company's stock after purchasing an additional 5,353 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in Carrier Global were worth $13,252,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Lindbrook Capital LLC increased its position in Carrier Global by 1.3% in the 1st quarter. Lindbrook Capital LLC now owns 12,294 shares of the company's stock valued at $779,000 after acquiring an additional 156 shares during the period. Code Waechter LLC grew its stake in shares of Carrier Global by 5.1% in the 1st quarter. Code Waechter LLC now owns 3,383 shares of the company's stock valued at $214,000 after purchasing an additional 164 shares during the last quarter. Abacus Wealth Partners LLC increased its holdings in shares of Carrier Global by 4.3% in the second quarter. Abacus Wealth Partners LLC now owns 3,982 shares of the company's stock valued at $291,000 after purchasing an additional 165 shares during the period. Chicago Partners Investment Group LLC raised its stake in shares of Carrier Global by 2.9% during the first quarter. Chicago Partners Investment Group LLC now owns 6,055 shares of the company's stock worth $424,000 after purchasing an additional 168 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its holdings in shares of Carrier Global by 0.4% during the first quarter. Essex Financial Services Inc. now owns 41,778 shares of the company's stock worth $2,649,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 91.00% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have issued reports on CARR shares. 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 note on Friday, September 12th. Jefferies Financial Group restated a "buy" rating on shares of Carrier Global in a research report on Thursday, September 11th. Barclays lowered their price target on shares of Carrier Global from $82.00 to $74.00 and set an "overweight" rating on the stock in a research note on Thursday, September 11th. Robert W. Baird reduced their price objective on shares of Carrier Global from $84.00 to $75.00 in a research note on Thursday, September 11th. Finally, Citigroup decreased their price objective on shares of Carrier Global from $89.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, September 12th. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Carrier Global presently has an average rating of "Moderate Buy" and a consensus price target of $79.72.
View Our Latest Analysis on Carrier Global
Carrier Global Price Performance
Shares of NYSE CARR opened at $59.72 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The company's 50-day moving average price is $67.24 and its 200 day moving average price is $67.89. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32. The stock has a market cap of $50.82 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 1.86 and a beta of 1.25.
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 (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, research analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.
About Carrier Global
(
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.
See Also
Want to see what other hedge funds are holding CARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carrier Global Corporation (NYSE:CARR - Free Report).
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