4,545 Shares in Carrier Global Corporation $CARR Bought by Silicon Valley Capital Partners

Key Points

• Silicon Valley Capital Partners acquired 4,545 shares of Carrier Global Corporation, valued around $288,000, highlighting increased institutional interest in the company.
• Carrier Global reported a net margin of 18.33% and earnings per share of $0.92 for the last quarter, surpassing analyst expectations.
• Wall Street analysts have mixed ratings for Carrier Global, with an average target price of $84.47, suggesting a generally positive outlook despite some recent target price reductions.

Silicon Valley Capital Partners bought a new position in Carrier Global Corporation (NYSE:CARR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,545 shares of the company's stock, valued at approximately $288,000.

A number of other hedge funds have also modified their holdings of CARR. Park Square Financial Group LLC purchased a new stake in shares of Carrier Global in the 4th quarter valued at $28,000. Accredited Wealth Management LLC acquired a new position in shares of Carrier Global during the first quarter valued at approximately $28,000. Investment Research & Advisory Group Inc. acquired a new position in Carrier Global during the first quarter worth about $29,000. Mattson Financial Services LLC purchased a new position in Carrier Global during the fourth quarter worth approximately $31,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Carrier Global in the 4th quarter valued at approximately $35,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Robert W. Baird decreased their target price on shares of Carrier Global from $85.00 to $84.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. The Goldman Sachs Group dropped their target price on shares of Carrier Global from $88.00 to $76.00 and set a "buy" rating for the company in a report on Friday. Melius Research upgraded Carrier Global to a "hold" rating and set a $90.00 price target for the company in a research report on Tuesday, July 1st. Melius started coverage on Carrier Global in a research note on Tuesday, July 1st. They issued a "hold" rating and a $90.00 price objective for the company. Finally, Morgan Stanley cut their price objective on Carrier Global from $78.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, Carrier Global presently has an average rating of "Moderate Buy" and an average price target of $82.12.

Carrier Global Stock Down 1.0%

Shares of CARR traded down $0.62 during midday trading 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. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The company's fifty day simple moving average is $69.37 and its two-hundred day simple moving average is $68.08. The company has a market cap of $52.49 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.76 and a beta of 1.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80.

Carrier Global (NYSE:CARR - Get Free Report) last issued its 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 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 the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Equities research analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current year.

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.