Signaturefd LLC Sells 963 Shares of Carrier Global Corporation $CARR

Signaturefd LLC decreased its position in shares of Carrier Global Corporation (NYSE:CARR) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,411 shares of the company’s stock after selling 963 shares during the quarter. Signaturefd LLC’s holdings in Carrier Global were worth $1,347,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CARR. Lindbrook Capital LLC raised its position in shares of Carrier Global by 1.3% in the first quarter. Lindbrook Capital LLC now owns 12,294 shares of the company’s stock valued at $779,000 after purchasing an additional 156 shares during the period. Code Waechter LLC grew its stake in Carrier Global by 5.1% in the 1st quarter. Code Waechter LLC now owns 3,383 shares of the company’s stock valued at $214,000 after buying an additional 164 shares in the last quarter. Abacus Wealth Partners LLC boosted its holdings in shares of Carrier Global by 4.3% in the second quarter. Abacus Wealth Partners LLC now owns 3,982 shares of the company’s stock worth $291,000 after acquiring an additional 165 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in shares of Carrier Global by 2.9% in the first quarter. Chicago Partners Investment Group LLC now owns 6,055 shares of the company’s stock worth $424,000 after acquiring an additional 168 shares during the period. Finally, Essex Financial Services Inc. boosted its holdings in shares of Carrier Global by 0.4% in the first quarter. Essex Financial Services Inc. now owns 41,778 shares of the company’s stock worth $2,649,000 after acquiring an additional 173 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Trading Up 0.1%

Shares of Carrier Global stock opened at $58.82 on Monday. The company has a 50 day simple moving average of $66.18 and a two-hundred day simple moving average of $67.77. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The firm has a market cap of $50.06 billion, a PE ratio of 12.81, a PEG ratio of 1.82 and a beta of 1.25. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $83.32.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.The firm had revenue of $6.11 billion during the quarter, compared to analyst estimates of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on CARR shares. Jefferies Financial Group reissued a “buy” rating on shares of Carrier Global in a report on Thursday, September 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $79.00 price target on shares of Carrier Global in a research report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft decreased their price target on Carrier Global from $73.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, September 23rd. Wolfe Research reduced their price objective on shares of Carrier Global from $91.00 to $77.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Finally, Oppenheimer reduced their price objective on shares of Carrier Global from $85.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, September 17th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.