111 Capital Cuts Stock Position in Carrier Global Corporation $CARR

111 Capital lessened its position in Carrier Global Corporation (NYSE:CARR) by 42.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,651 shares of the company’s stock after selling 7,970 shares during the quarter. 111 Capital’s holdings in Carrier Global were worth $780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CARR. Brighton Jones LLC raised its holdings in shares of Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after buying an additional 1,850 shares during the period. NBC Securities Inc. raised its holdings in shares of Carrier Global by 166,400.0% in the 1st quarter. NBC Securities Inc. now owns 1,665 shares of the company’s stock valued at $105,000 after buying an additional 1,664 shares during the period. RFG Advisory LLC raised its holdings in shares of Carrier Global by 43.0% in the 1st quarter. RFG Advisory LLC now owns 10,255 shares of the company’s stock valued at $650,000 after buying an additional 3,085 shares during the period. Naples Global Advisors LLC raised its holdings in shares of Carrier Global by 26.3% in the 1st quarter. Naples Global Advisors LLC now owns 8,065 shares of the company’s stock valued at $511,000 after buying an additional 1,680 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Carrier Global by 29.9% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,057 shares of the company’s stock valued at $130,000 after buying an additional 473 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Barclays lowered their target price on Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, September 11th. Robert W. Baird lowered their target price on Carrier Global from $84.00 to $75.00 in a research note on Thursday, September 11th. Morgan Stanley lowered their target price on Carrier Global from $78.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. Melius assumed coverage on Carrier Global in a research note on Tuesday, July 1st. They set a “hold” rating and a $90.00 target price for the company. Finally, The Goldman Sachs Group lowered their target price on Carrier Global from $88.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Twelve research 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 currently has an average rating of “Moderate Buy” and an average target price of $79.00.

Carrier Global Trading Up 1.2%

NYSE:CARR opened at $59.63 on Friday. The stock has a 50-day simple moving average of $64.27 and a 200-day simple moving average of $67.49. The stock has a market cap of $50.75 billion, a P/E ratio of 12.99, a P/E/G ratio of 1.86 and a beta of 1.25. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $83.32. 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 released its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $6.11 billion during 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, analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

About Carrier Global

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.