Jacobs & Co. CA Takes $9.75 Million Position in Carrier Global Corporation $CARR

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 purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 133,199 shares of the company's stock, valued at approximately $9,748,000.

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

Carrier Global Stock Performance

NYSE CARR opened at $61.68 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The firm has a market capitalization of $52.49 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 1.76 and a beta of 1.25. The company's fifty day moving average is $69.37 and its two-hundred day moving average is $68.07. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly 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. The company had revenue of $6.11 billion for the quarter, compared to analyst estimates 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. Equities research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on CARR. The Goldman Sachs Group dropped their target price on shares of Carrier Global from $88.00 to $76.00 and set a "buy" rating on the stock in a report on Friday. Citigroup reiterated a "buy" rating and issued a $89.00 target price (up previously from $82.00) on shares of Carrier Global in a report on Monday, July 14th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $79.00 target price on shares of Carrier Global in a report on Tuesday, July 15th. Barclays dropped their target price on shares of Carrier Global from $82.00 to $74.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Melius Research upgraded shares of Carrier Global to a "hold" rating and set a $90.00 target price on the stock in a report on Tuesday, July 1st. Ten 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 currently has a consensus rating of "Moderate Buy" and an average target price of $82.12.

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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