Gilman Hill Asset Management LLC Raises Holdings in Carrier Global Corporation $CARR

Gilman Hill Asset Management LLC increased its holdings in Carrier Global Corporation (NYSE:CARR) by 0.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 54,070 shares of the company’s stock after acquiring an additional 400 shares during the period. Gilman Hill Asset Management LLC’s holdings in Carrier Global were worth $3,957,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in Carrier Global by 17.6% in the first quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company’s stock worth $1,973,444,000 after acquiring an additional 4,668,929 shares during the period. Nuveen LLC purchased a new position in Carrier Global in the first quarter worth approximately $649,512,000. Brown Advisory Inc. grew its position in Carrier Global by 82.6% in the first quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company’s stock worth $613,330,000 after acquiring an additional 4,377,402 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Carrier Global by 0.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,968,294 shares of the company’s stock worth $441,790,000 after acquiring an additional 38,233 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Carrier Global by 15.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,930,061 shares of the company’s stock worth $473,046,000 after acquiring an additional 936,892 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CARR shares. Barclays lowered their price target on Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Morgan Stanley lowered their price target on Carrier Global from $78.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, August 8th. Melius Research upgraded Carrier Global to a “hold” rating and set a $90.00 price target for the company in a research report on Tuesday, July 1st. Royal Bank Of Canada lowered their price target on Carrier Global from $87.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, September 12th. Finally, Citigroup restated a “buy” rating and set a $89.00 price target (up from $82.00) on shares of Carrier Global in a research report on Monday, July 14th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and an average target price of $82.12.

Carrier Global Stock Down 0.5%

Shares of NYSE CARR opened at $60.95 on Wednesday. The stock has a market cap of $51.87 billion, a P/E ratio of 13.28, a PEG ratio of 1.73 and a beta of 1.25. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32. The business’s fifty day simple moving average is $68.82 and its 200-day simple moving average is $68.04.

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

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.