GC Wealth Management RIA LLC Raises Stock Position in Carrier Global Corporation $CARR

Key Points

• GC Wealth Management RIA LLC increased its stake in Carrier Global Corporation by 71.0%, owning a total of 13,440 shares valued at approximately $984,000 by the end of the second quarter.
• Carrier Global reported earnings per share (EPS) of $0.92 for the most recent quarter, surpassing the consensus estimate and generating revenue of $6.11 billion.
• The company is currently rated as a "Moderate Buy" by analysts, with an average target price of $79.72, as several firms have recently revised their price targets downward.

GC Wealth Management RIA LLC raised its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 71.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,440 shares of the company's stock after purchasing an additional 5,579 shares during the period. GC Wealth Management RIA LLC's holdings in Carrier Global were worth $984,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Accredited Wealth Management LLC purchased a new stake in Carrier Global during the 1st quarter worth approximately $28,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of Carrier Global during the first quarter worth approximately $29,000. Graybill Wealth Management LTD. acquired a new position in Carrier Global in the 1st quarter valued at $38,000. Cheviot Value Management LLC purchased a new position in Carrier Global in the 1st quarter valued at $38,000. Finally, Rossby Financial LCC acquired a new stake in Carrier Global during the 1st quarter worth $51,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Stock Up 0.4%

CARR stock opened at $59.05 on Tuesday. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The firm has a market cap of $50.25 billion, a PE ratio of 12.86, a PEG ratio of 1.82 and a beta of 1.25. The firm's 50 day moving average price is $65.85 and its 200-day moving average price is $67.71. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, equities research analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CARR shares. Royal Bank Of Canada reduced 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, September 12th. Mizuho cut their price objective on shares of Carrier Global from $88.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, September 15th. Jefferies Financial Group reissued a "buy" rating on shares of Carrier Global in a research note on Thursday, September 11th. Melius Research upgraded Carrier Global to a "hold" rating and set a $90.00 price target for the company in a research report on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Carrier Global from $73.00 to $70.00 and set a "hold" rating for the company in a report on Tuesday, September 23rd. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $79.72.

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.

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