Carrier Global Corporation $CARR Shares Sold by NBT Bank N A NY

NBT Bank N A NY reduced its position in Carrier Global Corporation (NYSE:CARR) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,748 shares of the company’s stock after selling 3,201 shares during the quarter. NBT Bank N A NY’s holdings in Carrier Global were worth $4,153,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Accredited Wealth Management LLC acquired a new stake in shares of Carrier Global in the 1st quarter worth $28,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of Carrier Global in the 1st quarter worth $29,000. REAP Financial Group LLC acquired a new stake in shares of Carrier Global in the 2nd quarter worth $29,000. Graybill Wealth Management LTD. acquired a new stake in shares of Carrier Global in the 1st quarter worth $38,000. Finally, Cheviot Value Management LLC acquired a new stake in shares of Carrier Global in the 1st quarter worth $38,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

CARR stock opened at $59.11 on Wednesday. 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 capitalization of $50.30 billion, a P/E ratio of 12.88, a P/E/G ratio of 1.86 and a beta of 1.25. The business’s 50-day moving average is $63.61 and its two-hundred day moving average is $67.39. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $83.32.

Carrier Global (NYSE:CARR) last posted 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 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 anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $79.00 target price on shares of Carrier Global in a research note on Tuesday, July 15th. Wells Fargo & Company cut their target price on Carrier Global from $75.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Carrier Global in a research note on Saturday, September 27th. Melius began coverage on Carrier Global in a report on Tuesday, July 1st. They set a “hold” rating and a $90.00 price target for the company. Finally, Citigroup lowered their price target on Carrier Global from $89.00 to $75.00 and set a “buy” rating for the company in a report on Friday, September 12th. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $78.47.

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.