Carrier Global Corporation $CARR Shares Acquired by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC increased its stake in Carrier Global Corporation (NYSE:CARR) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,525 shares of the company’s stock after acquiring an additional 1,050 shares during the period. Trueblood Wealth Management LLC’s holdings in Carrier Global were worth $1,795,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CARR. Nuveen LLC acquired a new stake in shares of Carrier Global in the first quarter valued at $649,512,000. JPMorgan Chase & Co. increased its holdings in Carrier Global by 17.6% in the first 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 during the last quarter. Brown Advisory Inc. increased its holdings in Carrier Global by 82.6% in the first quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company’s stock valued at $613,330,000 after buying an additional 4,377,402 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Carrier Global by 61.9% in the first quarter. Alliancebernstein L.P. now owns 4,318,806 shares of the company’s stock valued at $273,812,000 after buying an additional 1,651,873 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Carrier Global by 23.5% in the first quarter. Victory Capital Management Inc. now owns 4,512,774 shares of the company’s stock valued at $286,110,000 after buying an additional 857,694 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on CARR. Jefferies Financial Group reissued a “buy” rating on shares of Carrier Global in a report on Thursday, September 11th. Mizuho dropped their target price on Carrier Global from $88.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Barclays dropped their target price on Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Morgan Stanley dropped their target price 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. Finally, Wells Fargo & Company dropped their target price on Carrier Global from $75.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.47.

Carrier Global Stock Performance

Shares of CARR stock opened at $59.77 on Tuesday. The stock’s 50-day moving average is $63.86 and its two-hundred day moving average is $67.45. The firm has a market cap of $50.87 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.86 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. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data 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. The company had revenue of $6.11 billion for 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. Analysts predict 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.