Greenleaf Trust Sells 3,792 Shares of Carrier Global Corporation $CARR

Greenleaf Trust lessened its position in shares of Carrier Global Corporation (NYSE:CARR) by 15.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,217 shares of the company’s stock after selling 3,792 shares during the period. Greenleaf Trust’s holdings in Carrier Global were worth $1,553,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CARR. Accredited Wealth Management LLC bought a new position in Carrier Global in the 1st quarter worth approximately $28,000. Investment Research & Advisory Group Inc. bought a new position in shares of Carrier Global in the first quarter worth $29,000. Graybill Wealth Management LTD. purchased a new position in shares of Carrier Global in the first quarter valued at $38,000. Cheviot Value Management LLC purchased a new position in Carrier Global during the 1st quarter valued at about $38,000. Finally, ORG Partners LLC lifted its holdings in shares of Carrier Global by 192.2% in the second quarter. ORG Partners LLC now owns 754 shares of the company’s stock worth $56,000 after buying an additional 496 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $79.00 price target on shares of Carrier Global in a report on Tuesday, July 15th. Barclays dropped 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. Melius began coverage on shares of Carrier Global in a research report on Tuesday, July 1st. They issued a “hold” rating and a $90.00 price objective on the stock. Citigroup dropped their target price on shares of Carrier Global from $89.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, September 12th. Finally, Melius Research raised shares of Carrier Global to a “hold” rating and set a $90.00 price target for the company in a research note on Tuesday, July 1st. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

Carrier Global Trading Down 0.4%

Shares of CARR opened at $59.46 on Thursday. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The firm has a market cap of $50.60 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.84 and a beta of 1.25. The firm has a 50 day moving average price of $65.11 and a 200-day moving average price of $67.60. 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 earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $6.11 billion for the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, equities research analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current year.

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.