Carrier Global Corporation $CARR Shares Purchased by Amundi

Amundi boosted its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 9.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,418,666 shares of the company's stock after buying an additional 290,120 shares during the period. Amundi owned approximately 0.41% of Carrier Global worth $250,759,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Johnson Financial Group Inc. purchased a new position in Carrier Global in the second quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Carrier Global in the second quarter valued at about $26,000. Financial Management Professionals Inc. raised its holdings in shares of Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company's stock valued at $28,000 after buying an additional 225 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Carrier Global during the 4th quarter valued at about $33,000. Finally, Signature Equity Partners LLC lifted its position in Carrier Global by 449.2% during the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company's stock worth $36,000 after acquiring an additional 530 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CARR shares. Morgan Stanley upped their price target on Carrier Global from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Thursday, May 28th. JPMorgan Chase & Co. boosted their target price on shares of Carrier Global from $63.00 to $67.00 and gave the stock a "neutral" rating in a research report on Thursday, May 14th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carrier Global in a report on Monday, July 20th. Citigroup lifted their price target on shares of Carrier Global from $79.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, July 13th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and issued a $78.00 price objective on shares of Carrier Global in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Carrier Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.67.

Carrier Global Price Performance

CARR opened at $59.69 on Tuesday. The company has a 50-day moving average of $64.39 and a 200-day moving average of $63.67. The company has a market capitalization of $49.20 billion, a P/E ratio of 41.45, a PEG ratio of 2.30 and a beta of 1.30. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period last year, the firm earned $0.92 earnings per share. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts expect that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.

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