J. Safra Sarasin Holding AG Has $26.32 Million Stake in Carrier Global Corporation $CARR

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Carrier Global Corporation by 6.6%, holding $26.32 million worth of shares after selling 25,531 during the second quarter.
• Equity analysts have mixed ratings on Carrier Global, with a consensus target price of $79.00 and eleven analysts issuing Buy ratings alongside nine Hold ratings.
• Carrier Global reported a quarterly earnings per share of $0.92, surpassing expectations and forecasting a FY 2025 EPS of 3.000-3.100.

J. Safra Sarasin Holding AG reduced its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 359,583 shares of the company's stock after selling 25,531 shares during the period. J. Safra Sarasin Holding AG's holdings in Carrier Global were worth $26,318,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CARR. Accredited Wealth Management LLC acquired a new position in shares of Carrier Global during the first quarter worth approximately $28,000. Investment Research & Advisory Group Inc. acquired a new position in Carrier Global during the first quarter worth $29,000. Graybill Wealth Management LTD. bought a new position in shares of Carrier Global in the first quarter valued at $38,000. Cheviot Value Management LLC acquired a new position in shares of Carrier Global during the first quarter valued at about $38,000. Finally, Rossby Financial LCC bought a new stake in shares of Carrier Global during the first quarter worth about $51,000. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CARR shares. Melius initiated coverage on Carrier Global in a research note on Tuesday, July 1st. They set a "hold" rating and a $90.00 price target for the company. The Goldman Sachs Group cut their target price on Carrier Global from $88.00 to $76.00 and set a "buy" rating on the stock in a research report on Friday, September 12th. Robert W. Baird decreased their price target on Carrier Global from $84.00 to $75.00 in a report on Thursday, September 11th. Oppenheimer dropped their price objective on Carrier Global from $85.00 to $75.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 17th. Finally, Wolfe Research reduced their target price on shares of Carrier Global from $91.00 to $77.00 and set an "outperform" rating for the company in a research note on Friday, September 12th. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $79.00.

Carrier Global Stock Performance

Shares of CARR stock opened at $59.46 on Thursday. 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 firm has a market cap of $50.60 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 1.84 and a beta of 1.25. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32. The firm's 50-day simple moving average is $65.11 and its two-hundred day simple moving average is $67.60.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.