DAVENPORT & Co LLC grew its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 8.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,940 shares of the company's stock after acquiring an additional 7,660 shares during the period. DAVENPORT & Co LLC's holdings in Carrier Global were worth $7,461,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. Penobscot Investment Management Company Inc. grew its stake in shares of Carrier Global by 0.7% during the second quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company's stock valued at $1,525,000 after acquiring an additional 155 shares in the last quarter. Lindbrook Capital LLC grew its stake in Carrier Global by 1.3% in the first quarter. Lindbrook Capital LLC now owns 12,294 shares of the company's stock worth $779,000 after purchasing an additional 156 shares in the last quarter. Code Waechter LLC grew its stake in Carrier Global by 5.1% in the first quarter. Code Waechter LLC now owns 3,383 shares of the company's stock worth $214,000 after purchasing an additional 164 shares in the last quarter. Abacus Wealth Partners LLC grew its stake in Carrier Global by 4.3% in the second quarter. Abacus Wealth Partners LLC now owns 3,982 shares of the company's stock worth $291,000 after purchasing an additional 165 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in Carrier Global by 2.9% in 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 in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on CARR shares. Oppenheimer decreased their price target on Carrier Global from $85.00 to $75.00 and set an "outperform" rating for the company in a research note on Wednesday, September 17th. Citigroup decreased their price target on Carrier Global from $89.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, September 12th. Wells Fargo & Company decreased their price target on Carrier Global from $75.00 to $65.00 and set an "equal weight" rating for the company in a research note on Monday. Jefferies Financial Group reiterated a "buy" rating on shares of Carrier Global in a research note on Thursday, September 11th. Finally, Morgan Stanley decreased their price target on Carrier Global from $78.00 to $75.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $78.47.
View Our Latest Stock Analysis on CARR
Carrier Global Stock Performance
CARR opened at $59.11 on Wednesday. The business's 50 day moving average is $63.61 and its 200-day moving average is $67.39. The stock has a market cap of $50.30 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32.
Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $6.11 billion for the quarter, compared to analysts' expectations 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. On average, analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.
Carrier Global Company 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.
See Also
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