Retireful LLC Takes Position in Carrier Global Corporation $CARR

Key Points

• Retireful LLC purchased 4,337 shares of Carrier Global Corporation worth approximately $317,000 in the 2nd quarter, indicating growing interest from institutional investors.
• Carrier Global's stock has a market capitalization of $50.21 billion and a PE ratio of 12.86, with recent earnings surpassing analysts' estimates.
• Analysts have set a consensus rating of "Moderate Buy" for Carrier Global, with an average price target of $79.72 following adjustments from various research firms.

Retireful LLC purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,337 shares of the company's stock, valued at approximately $317,000.

Other hedge funds also recently modified their holdings of the company. TD Private Client Wealth LLC grew its holdings in Carrier Global by 5.6% during the 2nd quarter. TD Private Client Wealth LLC now owns 22,938 shares of the company's stock worth $1,679,000 after acquiring an additional 1,226 shares during the last quarter. Foster Victor Wealth Advisors LLC grew its stake in shares of Carrier Global by 3.2% during the second quarter. Foster Victor Wealth Advisors LLC now owns 174,616 shares of the company's stock valued at $13,252,000 after purchasing an additional 5,353 shares during the last quarter. Alhambra Investment Management LLC acquired a new stake in shares of Carrier Global in the second quarter valued at approximately $212,000. Accurate Wealth Management LLC bought a new position in Carrier Global in the 2nd quarter worth approximately $243,000. Finally, Maseco LLP acquired a new position in Carrier Global during the 2nd quarter worth $62,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $59.01 on Thursday. The stock has a market capitalization of $50.21 billion, a PE ratio of 12.86, 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 quick ratio of 0.80 and a current ratio of 1.17. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32. The stock has a 50 day moving average price of $66.91 and a 200 day moving average price of $67.83.

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 return on equity of 17.83% and a net margin of 18.33%.The business 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. Analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CARR. Deutsche Bank Aktiengesellschaft dropped their target price on Carrier Global from $73.00 to $70.00 and set a "hold" rating for the company in a research report on Tuesday. Royal Bank Of Canada dropped their price objective on Carrier Global from $87.00 to $75.00 and set an "outperform" rating for the company in a report on Friday, September 12th. Citigroup reduced their target price on shares of Carrier Global from $89.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, September 12th. Barclays lowered their price target on shares of Carrier Global from $82.00 to $74.00 and set an "overweight" rating for the company in a research report on Thursday, September 11th. Finally, Mizuho cut their price objective on shares of Carrier Global from $88.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, September 15th. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Carrier Global has a consensus rating of "Moderate Buy" and an average price target of $79.72.

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.

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