Carrier Global Corporation $CARR Shares Acquired by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC grew its stake in Carrier Global Corporation (NYSE:CARR) by 37.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,761 shares of the company’s stock after purchasing an additional 752 shares during the period. Opal Wealth Advisors LLC’s holdings in Carrier Global were worth $202,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Park Square Financial Group LLC acquired a new position in shares of Carrier Global in the fourth quarter valued at approximately $28,000. Accredited Wealth Management LLC acquired a new position in shares of Carrier Global in the first quarter valued at approximately $28,000. Mattson Financial Services LLC acquired a new position in shares of Carrier Global in the fourth quarter valued at approximately $31,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Carrier Global in the first quarter valued at approximately $29,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of Carrier Global in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Down 1.0%

CARR opened at $59.72 on Wednesday. The business’s fifty day moving average is $67.24 and its two-hundred day moving average is $67.89. 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 company has a market cap of $50.82 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 1.86 and a beta of 1.25. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32.

Carrier Global (NYSE:CARR) last posted 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. The company had revenue of $6.11 billion for 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. Analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CARR. Jefferies Financial Group reissued a “buy” rating on shares of Carrier Global in a report on Thursday, September 11th. Robert W. Baird dropped their price objective on Carrier Global from $84.00 to $75.00 in a report on Thursday, September 11th. Melius Research raised Carrier Global to a “hold” rating and set a $90.00 price objective on the stock in a report on Tuesday, July 1st. Mizuho dropped their price objective on Carrier Global from $88.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Finally, Morgan Stanley dropped 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. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.