U.S. Capital Wealth Advisors LLC Lowers Position in Carrier Global Corporation $CARR

Key Points

• U.S. Capital Wealth Advisors LLC significantly reduced its stake in Carrier Global Corporation by 92.6%, selling 102,938 shares and now holding only 8,221 shares worth approximately $602,000.
• Carrier Global reported $0.92 earnings per share, beating analyst expectations of $0.90, alongside revenues of $6.11 billion during the most recent quarter.
• Institutional investors collectively own 91.00% of Carrier Global's stock, with notable investments from JPMorgan Chase, which increased its holdings by 17.6% to over 31 million shares.

U.S. Capital Wealth Advisors LLC trimmed its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 92.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,221 shares of the company's stock after selling 102,938 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Carrier Global were worth $602,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Carrier Global by 17.6% during the 1st quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company's stock valued at $1,973,444,000 after buying an additional 4,668,929 shares in the last quarter. Nuveen LLC bought a new stake in Carrier Global during the first quarter worth about $649,512,000. Brown Advisory Inc. boosted its stake in Carrier Global by 82.6% during the first quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company's stock worth $613,330,000 after acquiring an additional 4,377,402 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Carrier Global by 0.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,968,294 shares of the company's stock worth $441,790,000 after purchasing an additional 38,233 shares during the period. Finally, Invesco Ltd. increased its position in Carrier Global by 2.1% during the 1st quarter. Invesco Ltd. now owns 5,165,203 shares of the company's stock valued at $327,474,000 after buying an additional 108,055 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Carrier Global Stock Down 0.6%

Carrier Global stock opened at $58.67 on Friday. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The stock has a fifty day moving average of $66.54 and a 200 day moving average of $67.77. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. The stock has a market cap of $49.93 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.82 and a beta of 1.25.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly 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 business had revenue of $6.11 billion during the quarter, compared to the consensus estimate 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 predict that Carrier Global Corporation will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CARR shares. Citigroup lowered their price target on Carrier Global from $89.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, September 12th. Melius Research raised Carrier Global to a "hold" rating and set a $90.00 target price for the company in a report on Tuesday, July 1st. Mizuho decreased their price target on Carrier Global from $88.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, September 15th. The Goldman Sachs Group dropped their price objective on Carrier Global from $88.00 to $76.00 and set a "buy" rating on the stock in a research report on Friday, September 12th. Finally, Robert W. Baird decreased their target price on Carrier Global from $84.00 to $75.00 in a research report on Thursday, September 11th. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.72.

Carrier Global 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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