Carrier Global Corporation $CARR Position Lessened by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI reduced its stake in shares of Carrier Global Corporation (NYSE:CARR) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,800 shares of the company’s stock after selling 200 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in Carrier Global were worth $644,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CARR. Valeo Financial Advisors LLC boosted its holdings in shares of Carrier Global by 3.2% during the second quarter. Valeo Financial Advisors LLC now owns 12,546 shares of the company’s stock valued at $918,000 after acquiring an additional 387 shares during the period. DAVENPORT & Co LLC lifted its position in Carrier Global by 8.1% in the 2nd quarter. DAVENPORT & Co LLC now owns 101,940 shares of the company’s stock valued at $7,461,000 after purchasing an additional 7,660 shares during the last quarter. Merit Financial Group LLC boosted its stake in Carrier Global by 21.3% during the 2nd quarter. Merit Financial Group LLC now owns 46,113 shares of the company’s stock valued at $3,375,000 after purchasing an additional 8,103 shares during the period. MBL Wealth LLC bought a new position in Carrier Global in the 2nd quarter worth about $207,000. Finally, Penobscot Investment Management Company Inc. increased its stake in shares of Carrier Global by 0.7% in the second quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company’s stock valued at $1,525,000 after purchasing an additional 155 shares during the period. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Price Performance

NYSE:CARR opened at $59.63 on Monday. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $83.32. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. The firm has a market cap of $50.75 billion, a P/E ratio of 12.99, a PEG ratio of 1.86 and a beta of 1.25. The business’s 50-day moving average price is $64.27 and its 200 day moving average price is $67.50.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $6.11 billion during 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 predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Carrier Global from $73.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, September 23rd. 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. Oppenheimer lowered their price target on Carrier Global from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday, September 17th. Citigroup cut their price objective on shares of Carrier Global from $89.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Finally, Royal Bank Of Canada decreased their target price on shares of Carrier Global from $87.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, September 12th. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.00.

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.