Carrier Global Corporation $CARR Shares Sold by 111 Capital

Key Points

• 111 Capital reduced its stake in Carrier Global Corporation by 42.8%, now holding 10,651 shares after selling 7,970 shares during the second quarter.
• Institutional ownership of Carrier Global is high, with approximately 91.00% of the stock held by institutional investors and hedge funds.
• Carrier Global's latest earnings report showed a net margin of 18.33% and an EPS of $0.92, exceeding analysts' expectations of $0.90.

111 Capital cut its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 42.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,651 shares of the company's stock after selling 7,970 shares during the period. 111 Capital's holdings in Carrier Global were worth $780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its stake in shares of Carrier Global by 51.8% in the first quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company's stock worth $88,000 after acquiring an additional 474 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Carrier Global by 15.7% in the first quarter. Bessemer Group Inc. now owns 28,768 shares of the company's stock worth $1,823,000 after acquiring an additional 3,900 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Carrier Global in the first quarter worth approximately $234,000. Ransom Advisory Ltd acquired a new stake in shares of Carrier Global in the first quarter worth approximately $400,000. Finally, Aberdeen Group plc boosted its stake in shares of Carrier Global by 1.8% in the first quarter. Aberdeen Group plc now owns 717,658 shares of the company's stock worth $44,854,000 after acquiring an additional 12,346 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

NYSE:CARR opened at $59.63 on Friday. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $50.75 billion, a P/E ratio of 12.99, a P/E/G ratio of 1.86 and a beta of 1.25. The stock's fifty day moving average is $64.27 and its two-hundred day moving average is $67.49.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.The company had revenue of $6.11 billion for the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Equities analysts expect that Carrier Global Corporation will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

CARR has been the topic of a number of recent research reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Carrier Global in a research note on Saturday, September 27th. Mizuho lowered their price objective on Carrier Global from $88.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday, September 15th. Barclays lowered their price objective on Carrier Global from $82.00 to $74.00 and set an "overweight" rating on the stock in a research note on Thursday, September 11th. Wolfe Research lowered their price objective on Carrier Global from $91.00 to $77.00 and set an "outperform" rating on the stock in a research note on Friday, September 12th. Finally, Robert W. Baird lowered their price objective on Carrier Global from $84.00 to $75.00 in a research note on Thursday, September 11th. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Carrier Global has a consensus rating of "Moderate Buy" and an average target price of $79.00.

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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