NewEdge Advisors LLC Acquires 25,150 Shares of Carrier Global Corporation $CARR

Key Points

• NewEdge Advisors increased its Carrier Global holdings by 43.7% in the second quarter, purchasing 25,150 additional shares and bringing its position to 82,670 shares valued at approximately $6.1 million.
• Institutional investors own about 91% of Carrier Global, with several other firms—including Corient Private Wealth and Nykredit—also expanding or initiating positions during the quarter.
• Carrier exceeded quarterly expectations, reporting $0.86 in EPS versus the $0.82 consensus and $6.35 billion in revenue, up 3.9% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $73.67.

NewEdge Advisors LLC lifted its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 43.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 82,670 shares of the company's stock after purchasing an additional 25,150 shares during the period. NewEdge Advisors LLC's holdings in Carrier Global were worth $6,064,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. One Charles Private Wealth Services LLC bought a new stake in Carrier Global in the second quarter worth $255,000. Arizona State Retirement System grew its stake in shares of Carrier Global by 0.5% during the second quarter. Arizona State Retirement System now owns 208,635 shares of the company's stock valued at $15,303,000 after buying an additional 959 shares during the last quarter. Empirical Finance LLC grew its stake in shares of Carrier Global by 3.2% during the second quarter. Empirical Finance LLC now owns 29,054 shares of the company's stock valued at $2,131,000 after buying an additional 893 shares during the last quarter. Nykredit A S purchased a new position in shares of Carrier Global in the second quarter worth about $11,079,000. Finally, Corient Private Wealth LP increased its holdings in shares of Carrier Global by 36.5% in the second quarter. Corient Private Wealth LP now owns 402,497 shares of the company's stock worth $29,523,000 after buying an additional 107,611 shares during the period. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Trading Up 0.0%

CARR opened at $57.48 on Monday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The business has a 50 day simple moving average of $63.30 and a two-hundred day simple moving average of $63.50. The firm has a market capitalization of $47.38 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 2.21 and a beta of 1.30.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the company earned $0.92 EPS. The business's quarterly revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Analysts predict that Carrier Global Corporation will post 2.87 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on CARR. Weiss Ratings restated a "hold (c)" rating on shares of Carrier Global in a report on Monday, July 20th. Morgan Stanley lifted their price target on Carrier Global from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 28th. Wolfe Research reiterated an "outperform" rating and issued a $80.00 price objective on shares of Carrier Global in a research report on Thursday, July 9th. Zacks Research raised Carrier Global from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $78.00 target price on shares of Carrier Global in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $73.67.

Carrier Global Company Profile

Carrier Global Corporation NYSE: CARR is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air conditioning (HVAC) systems and related controls, building automation technologies, and services designed to improve indoor comfort, energy efficiency and building performance.

Carrier also provides refrigeration equipment and systems for commercial, industrial and transportation applications, supporting food preservation and cold-chain operations.

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