Family Legacy Financial Solutions LLC Invests $1.31 Million in Carrier Global Corporation $CARR

Key Points

• Family Legacy Financial Solutions LLC recently made a new investment of approximately $1.31 million in Carrier Global Corporation, acquiring 17,825 shares, which now represent about 1.1% of their total investment portfolio.
• Carrier Global reported earnings of $0.92 per share for its latest quarter, exceeding analysts' expectations of $0.90, along with revenues of $6.11 billion.
• The stock has a market cap of $51.66 billion and shows a 52-week low of $54.22 and a high of $83.32, indicating a substantial range in its stock performance.

Family Legacy Financial Solutions LLC bought a new stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,825 shares of the company's stock, valued at approximately $1,305,000. Carrier Global makes up approximately 1.1% of Family Legacy Financial Solutions LLC's holdings, making the stock its 19th biggest holding.

Several other hedge funds also recently added to or reduced their stakes in CARR. Golden State Wealth Management LLC increased its position in shares of Carrier Global by 51.8% during 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 period. Bessemer Group Inc. increased its position in shares of Carrier Global by 15.7% during 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 period. Sowell Financial Services LLC purchased a new position in shares of Carrier Global during the first quarter worth approximately $234,000. Ransom Advisory Ltd purchased a new position in shares of Carrier Global during the first quarter worth approximately $400,000. Finally, Aberdeen Group plc increased its position in shares of Carrier Global by 1.8% during 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 period. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Down 1.2%

CARR traded down $0.71 during trading on Friday, hitting $60.39. The stock had a trading volume of 5,733,049 shares, compared to its average volume of 5,949,629. The company has a market capitalization of $51.39 billion, a PE ratio of 13.16, a PEG ratio of 1.88 and a beta of 1.25. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. The stock has a 50 day simple moving average of $67.88 and a two-hundred day simple moving average of $67.96.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The business had revenue of $6.11 billion during 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. On average, research analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Carrier Global from $78.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $79.00 price objective on shares of Carrier Global in a report on Tuesday, July 15th. Barclays cut their price objective on shares of Carrier Global from $82.00 to $74.00 and set an "overweight" rating on the stock in a report on Thursday, September 11th. Wolfe Research cut their price objective on shares of Carrier Global from $91.00 to $77.00 and set an "outperform" rating on the stock in a report on Friday, September 12th. Finally, Melius Research raised shares of Carrier Global to a "hold" rating and set a $90.00 price objective on the stock in a report on Tuesday, July 1st. Eleven 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $80.29.

Carrier Global Company 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.