Lbp Am Sa Invests $6.08 Million in Carrier Global Corporation $CARR

Key Points

• Lbp Am Sa has made a significant investment, acquiring 83,079 shares of Carrier Global Corporation, valued at approximately $6.08 million.
• Carrier Global's stock has seen a recent decline of 0.4%, currently priced at $59.46, with a market cap of $50.60 billion.
• The company reported a quarterly earnings per share of $0.92, surpassing analysts' expectations, along with setting FY 2025 guidance of 3.000-3.100 EPS.

Lbp Am Sa acquired a new position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 83,079 shares of the company's stock, valued at approximately $6,081,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CARR. Accredited Wealth Management LLC purchased a new stake in Carrier Global in the 1st quarter worth approximately $28,000. Investment Research & Advisory Group Inc. purchased a new stake in Carrier Global in the 1st quarter worth approximately $29,000. Graybill Wealth Management LTD. purchased a new stake in Carrier Global in the 1st quarter worth approximately $38,000. Cheviot Value Management LLC purchased a new stake in Carrier Global in the 1st quarter worth approximately $38,000. Finally, Rossby Financial LCC purchased a new stake in Carrier Global in the 1st quarter worth approximately $51,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Down 0.4%

Shares of Carrier Global stock opened at $59.46 on Thursday. The company has a fifty day moving average price of $65.11 and a 200 day moving average price of $67.60. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32. The stock has a market cap of $50.60 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CARR. Royal Bank Of Canada lowered their price objective on shares of Carrier Global from $87.00 to $75.00 and set an "outperform" rating for the company in a research note on Friday, September 12th. Mizuho lowered their price objective on shares of Carrier Global from $88.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, September 15th. Robert W. Baird lowered their price objective on shares of Carrier Global from $84.00 to $75.00 in a research note on Thursday, September 11th. 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. Finally, Wolfe Research lowered their price objective 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 company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $79.00.

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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