Valeo Financial Advisors LLC Purchases 387 Shares of Carrier Global Corporation $CARR

Valeo Financial Advisors LLC boosted its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,546 shares of the company’s stock after acquiring an additional 387 shares during the period. Valeo Financial Advisors LLC’s holdings in Carrier Global were worth $918,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. DAVENPORT & Co LLC lifted its holdings in shares of Carrier Global by 8.1% during 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 in the last quarter. Merit Financial Group LLC lifted its stake in Carrier Global by 21.3% in the second quarter. Merit Financial Group LLC now owns 46,113 shares of the company’s stock valued at $3,375,000 after buying an additional 8,103 shares in the last quarter. MBL Wealth LLC bought a new position in Carrier Global in the second quarter valued at approximately $207,000. Penobscot Investment Management Company Inc. lifted its stake in 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 buying an additional 155 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its position in Carrier Global by 14.2% in the 2nd quarter. QRG Capital Management Inc. now owns 104,037 shares of the company’s stock valued at $7,614,000 after acquiring an additional 12,929 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CARR. Jefferies Financial Group reaffirmed a “buy” rating on shares of Carrier Global in a research report on Thursday, September 11th. Wolfe Research cut their target price on Carrier Global from $91.00 to $77.00 and set an “outperform” rating on the stock in a research note on Friday, September 12th. Morgan Stanley cut their target price on Carrier Global from $78.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, August 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Carrier Global in a research report on Saturday, September 27th. Finally, 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 report on Friday, September 12th. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.47.

Carrier Global Stock Down 1.2%

Shares of CARR stock opened at $59.11 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. The firm’s 50-day moving average is $63.61 and its 200-day moving average is $67.39. The stock has a market cap of $50.30 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 1.86 and a beta of 1.25. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week 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 for the quarter, beating analysts’ consensus estimates 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. Sell-side analysts predict that Carrier Global Corporation will post 2.99 EPS for the current 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.