133,199 Shares in Carrier Global Corporation $CARR Bought by Jacobs & Co. CA

Key Points

• Jacobs & Co. CA acquired a stake in Carrier Global Corporation valued at approximately $9.75 million during the second quarter, purchasing 133,199 shares.
• Carrier Global reported earnings of $0.92 per share for the last quarter, exceeding analysts' expectations of $0.90, with total revenue of $6.11 billion.
• Several brokerages have revised their price targets for Carrier Global, with Citi raising its target to $89.00 and Goldman Sachs lowering it to $76.00, indicating mixed analyst outlook.

Jacobs & Co. CA bought a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 133,199 shares of the company's stock, valued at approximately $9,748,000.

Other institutional investors have also modified their holdings of the company. Park Square Financial Group LLC purchased a new position in Carrier Global in the 4th quarter valued at approximately $28,000. Accredited Wealth Management LLC purchased a new position in shares of Carrier Global in the first quarter valued at $28,000. Mattson Financial Services LLC acquired a new position in shares of Carrier Global during the 4th quarter worth $31,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Carrier Global during the 1st quarter worth $29,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in Carrier Global in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Stock Performance

CARR traded up $0.59 during trading hours on Thursday, hitting $61.31. 2,471,099 shares of the stock were exchanged, compared to its average volume of 5,393,042. The stock has a 50-day simple moving average of $68.52 and a 200-day simple moving average of $67.98. Carrier Global Corporation has a 12 month low of $54.22 and a 12 month high of $83.32. The stock has a market cap of $52.18 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25. 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 (NYSE:CARR - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $6.11 billion for the quarter, compared to analysts' expectations of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CARR shares. JPMorgan Chase & Co. reissued a "neutral" rating and set a $79.00 price objective on shares of Carrier Global in a research note on Tuesday, July 15th. Wolfe Research reduced their price objective on Carrier Global from $91.00 to $77.00 and set an "outperform" rating on the stock in a research report on Friday, September 12th. Mizuho dropped their price objective on Carrier Global from $88.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday. Citigroup cut their target price on shares of Carrier Global from $89.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, September 12th. Finally, Royal Bank Of Canada decreased their price target on shares of Carrier Global from $87.00 to $75.00 and set an "outperform" rating on the stock in a research note on Friday, September 12th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $80.29.

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.