Integrity Alliance LLC. Purchases Shares of 13,564 Carrier Global Corporation $CARR

Key Points

• Integrity Alliance LLC purchased a new stake in Carrier Global Corporation, buying 13,564 shares valued at approximately $860,000.
• Several large investors, including JPMorgan Chase & Co. and Brown Advisory Inc., have recently increased their holdings in Carrier Global, indicating strong institutional interest.
• Carrier Global reported a Q2 earnings per share (EPS) of $0.92, exceeding analysts' expectations of $0.90, and set a FY 2025 guidance of 3.000-3.100 EPS.

Integrity Alliance LLC. acquired a new stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,564 shares of the company's stock, valued at approximately $860,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in Carrier Global during the 4th quarter valued at about $28,000. Accredited Wealth Management LLC bought a new stake in shares of Carrier Global in the first quarter worth approximately $28,000. Mattson Financial Services LLC bought a new stake in shares of Carrier Global in the fourth quarter worth approximately $31,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Carrier Global in the first quarter worth approximately $29,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of Carrier Global in the fourth quarter worth approximately $35,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Performance

Shares of CARR traded down $0.48 on Monday, reaching $61.19. The company's stock had a trading volume of 6,924,595 shares, compared to its average volume of 5,401,992. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32. The stock has a market capitalization of $52.07 billion, a P/E ratio of 13.33, a PEG ratio of 1.74 and a beta of 1.25. The stock's 50 day simple moving average is $69.37 and its two-hundred day simple moving average is $68.11.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Barclays reduced their price target on shares of Carrier Global from $82.00 to $74.00 and set an "overweight" rating for the company in a research note on Thursday. Citigroup reiterated a "buy" rating and issued a $89.00 price target (up from $82.00) on shares of Carrier Global in a research note on Monday, July 14th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $79.00 price target on shares of Carrier Global in a research note on Tuesday, July 15th. 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. Finally, Royal Bank Of Canada dropped their price objective on shares of Carrier Global from $87.00 to $75.00 and set an "outperform" rating on the stock in a report on Friday. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, Carrier Global has an average rating of "Moderate Buy" and a consensus target price of $82.12.

About Carrier Global

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.