Carrier Global Corporation $CARR Shares Sold by State of Alaska Department of Revenue

Key Points

• The State of Alaska Department of Revenue reduced its holdings in Carrier Global Corporation by 4.2% during the 2nd quarter, owning 115,300 shares valued at approximately $8.44 million after the sale.
• Numerous hedge funds have significantly increased their stakes in Carrier Global, including Nuveen LLC, which added approximately $649.5 million in the first quarter.
• Carrier Global recently reported earnings with an EPS of $0.92, exceeding estimates and setting a fiscal year 2025 guidance of 3.000-3.100 EPS.

State of Alaska Department of Revenue decreased its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,300 shares of the company's stock after selling 5,085 shares during the quarter. State of Alaska Department of Revenue's holdings in Carrier Global were worth $8,438,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Nuveen LLC acquired a new position in Carrier Global during the 1st quarter valued at approximately $649,512,000. JPMorgan Chase & Co. boosted its stake in Carrier Global by 17.6% during the first quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company's stock valued at $1,973,444,000 after buying an additional 4,668,929 shares in the last quarter. Brown Advisory Inc. grew its position in Carrier Global by 82.6% in the first quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company's stock worth $613,330,000 after buying an additional 4,377,402 shares during the last quarter. Alliancebernstein L.P. increased its stake in Carrier Global by 61.9% in the 1st quarter. Alliancebernstein L.P. now owns 4,318,806 shares of the company's stock worth $273,812,000 after purchasing an additional 1,651,873 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Carrier Global by 7,043.4% during the 1st quarter. GAMMA Investing LLC now owns 1,058,653 shares of the company's stock valued at $67,119,000 after purchasing an additional 1,043,833 shares during the period. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CARR shares. Jefferies Financial Group reiterated a "buy" rating on shares of Carrier Global in a report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on Carrier Global from $73.00 to $70.00 and set a "hold" rating for the company in a research note on Tuesday, September 23rd. Robert W. Baird decreased their price objective on shares of Carrier Global from $84.00 to $75.00 in a report on Thursday, September 11th. The Goldman Sachs Group lowered their target price on shares of Carrier Global from $88.00 to $76.00 and set a "buy" rating for the company in a report on Friday, September 12th. Finally, Oppenheimer reduced their target price on Carrier Global from $85.00 to $75.00 and set an "outperform" rating on the stock in a report on Wednesday, September 17th. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, Carrier Global presently has an average rating of "Moderate Buy" and an average price target of $79.72.

Carrier Global Stock Up 0.1%

NYSE CARR opened at $58.82 on Friday. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The business has a fifty day moving average price of $66.18 and a two-hundred day moving average price of $67.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The stock has a market capitalization of $50.06 billion, a PE ratio of 12.81, a PEG ratio of 1.82 and a beta of 1.25.

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.92 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. Equities analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

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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