Quent Capital LLC Sells 190 Shares of Carrier Global Corporation $CARR

Quent Capital LLC decreased its position in shares of Carrier Global Corporation (NYSE:CARR) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,604 shares of the company’s stock after selling 190 shares during the quarter. Quent Capital LLC’s holdings in Carrier Global were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Carrier Global by 17.6% during 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. Nuveen LLC purchased a new stake in shares of Carrier Global during the first quarter valued at approximately $649,512,000. Brown Advisory Inc. grew its holdings in shares of Carrier Global by 82.6% during 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Carrier Global by 0.6% during 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 valued at $441,790,000 after buying an additional 38,233 shares during the last quarter. Finally, PineStone Asset Management Inc. grew its holdings in shares of Carrier Global by 12.8% during the second quarter. PineStone Asset Management Inc. now owns 5,300,483 shares of the company’s stock valued at $387,942,000 after buying an additional 601,967 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CARR shares. Mizuho cut their price target on shares of Carrier Global from $88.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Melius began coverage on shares of Carrier Global in a report on Tuesday, July 1st. They issued a “hold” rating and a $90.00 target price on the stock. Melius Research upgraded shares of Carrier Global to a “hold” rating and set a $90.00 target price on the stock in a report on Tuesday, July 1st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $79.00 target price on shares of Carrier Global in a report on Tuesday, July 15th. Finally, The Goldman Sachs Group dropped their target price on shares of Carrier Global from $88.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $79.00.

Carrier Global Stock Up 1.2%

CARR opened at $59.63 on Friday. 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 1-year low of $54.22 and a 1-year high of $83.32. The company has a market capitalization of $50.75 billion, a PE ratio of 12.99, a PEG ratio of 1.86 and a beta of 1.25. The firm’s 50 day simple moving average is $64.27 and its two-hundred day simple moving average is $67.49.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The business had revenue of $6.11 billion for the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, equities analysts forecast that Carrier Global Corporation will post 2.99 EPS 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.