29,804 Shares in Carrier Global Corporation $CARR Bought by Nilsine Partners LLC

Nilsine Partners LLC purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,804 shares of the company’s stock, valued at approximately $2,186,000.

A number of other large investors also recently modified their holdings of the company. Johnson Financial Group Inc. purchased a new stake in shares of Carrier Global during the 2nd quarter worth about $25,000. Meeder Asset Management Inc. purchased a new position in Carrier Global in the second quarter valued at approximately $26,000. Financial Management Professionals Inc. lifted its position in Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after buying an additional 225 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in Carrier Global during the fourth quarter worth approximately $33,000. Finally, Signature Equity Partners LLC increased its position in shares of Carrier Global by 449.2% in the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after acquiring an additional 530 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CARR. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. Morgan Stanley upped their price target on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $78.00 price target on shares of Carrier Global in a report on Thursday, July 30th. Wolfe Research reissued an “outperform” rating and issued a $80.00 price objective on shares of Carrier Global in a research report on Thursday, July 9th. Finally, Zacks Research upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Trading Down 0.0%

NYSE CARR opened at $59.69 on Monday. The company’s fifty day simple moving average is $64.67 and its 200-day simple moving average is $63.71. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The stock has a market cap of $49.20 billion, a P/E ratio of 41.45, a PEG ratio of 2.30 and a beta of 1.30.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities research analysts predict that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.