Scientech Research LLC Invests $936,000 in Carrier Global Corporation $CARR

Scientech Research LLC acquired a new position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 14,756 shares of the company's stock, valued at approximately $936,000.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its holdings in shares of Carrier Global by 51.8% during the 1st quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company's stock worth $88,000 after purchasing an additional 474 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Carrier Global by 15.7% during the 1st quarter. Bessemer Group Inc. now owns 28,768 shares of the company's stock worth $1,823,000 after purchasing an additional 3,900 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Carrier Global during the 1st quarter worth approximately $234,000. Aberdeen Group plc lifted its holdings in Carrier Global by 1.8% in the first quarter. Aberdeen Group plc now owns 717,658 shares of the company's stock valued at $44,854,000 after acquiring an additional 12,346 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in Carrier Global by 34.0% in the first quarter. Ritholtz Wealth Management now owns 3,968 shares of the company's stock valued at $252,000 after acquiring an additional 1,007 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Trading Down 1.0%

NYSE CARR traded down $0.62 on Friday, reaching $61.68. The stock had a trading volume of 5,224,873 shares, compared to its average volume of 5,945,904. 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 has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32. The stock has a fifty day moving average price of $69.37 and a two-hundred day moving average price of $68.08.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 17.83% and a net margin of 18.33%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, sell-side analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CARR. Morgan Stanley decreased their price objective on Carrier Global from $78.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Melius began coverage on Carrier Global in a report on Tuesday, July 1st. They issued a "hold" rating and a $90.00 price objective on the stock. The Goldman Sachs Group decreased their price objective on Carrier Global from $88.00 to $76.00 and set a "buy" rating on the stock in a report on Friday. Melius Research upgraded Carrier Global to a "hold" rating and set a $90.00 price objective on the stock in a report on Tuesday, July 1st. Finally, Royal Bank Of Canada decreased their price objective on Carrier Global from $87.00 to $75.00 and set an "outperform" rating on the stock in a report on Friday. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.