Carrier Global Corporation $CARR Shares Bought by Focus Partners Wealth

Key Points

• Focus Partners Wealth increased its stake in Carrier Global Corporation by 55.5% in Q1, owning 108,783 shares valued at approximately $6.9 million.
• Carrier Global's recent quarterly earnings exceeded analysts' expectations, reporting $0.92 EPS and revenue of $6.11 billion.
• Brokerage ratings for Carrier Global show a consensus of "Moderate Buy" with a target price around $82.12, although several analysts have recently adjusted their price targets downward.

Focus Partners Wealth increased its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 55.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,783 shares of the company's stock after purchasing an additional 38,814 shares during the quarter. Focus Partners Wealth's holdings in Carrier Global were worth $6,897,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC bought a new stake in Carrier Global in the first quarter worth about $53,000. Integrity Alliance LLC. bought a new stake in shares of Carrier Global during the 1st quarter worth $860,000. Ransom Advisory Ltd purchased a new position in Carrier Global in the 1st quarter worth about $400,000. Ilmarinen Mutual Pension Insurance Co raised its holdings in shares of Carrier Global by 31.5% during the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 188,000 shares of the company's stock valued at $11,919,000 after acquiring an additional 45,000 shares during the period. Finally, Advisory Alpha LLC raised its stake in Carrier Global by 50.3% during the 1st quarter. Advisory Alpha LLC now owns 5,259 shares of the company's stock valued at $333,000 after purchasing an additional 1,761 shares during the period. 91.00% of the stock is owned by institutional investors.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $61.68 on Friday. The firm has a market capitalization of $52.49 billion, a PE ratio of 13.44, a PEG ratio of 1.76 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 1-year low of $54.22 and a 1-year high of $83.32. The business's 50 day moving average is $69.37 and its 200-day moving average is $68.08.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Sell-side analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on CARR. Citigroup reaffirmed a "buy" rating and set a $89.00 price objective (up from $82.00) on shares of Carrier Global in a research report on Monday, July 14th. Robert W. Baird cut their price objective on Carrier Global from $85.00 to $84.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. Barclays lowered their target price 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. Royal Bank Of Canada cut their target price on shares of Carrier Global from $87.00 to $75.00 and set an "outperform" rating for the company in a research report on Friday. Finally, The Goldman Sachs Group decreased their price target on shares of Carrier Global from $88.00 to $76.00 and set a "buy" rating for the company in a report on Friday. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Carrier Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.12.

Carrier Global 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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