Bartlett & CO. Wealth Management LLC Buys 983 Shares of Carrier Global Corporation $CARR

Bartlett & CO. Wealth Management LLC grew its stake in Carrier Global Corporation (NYSE:CARR) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,818 shares of the company’s stock after buying an additional 983 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Carrier Global were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. LBP AM SA bought a new stake in Carrier Global in the second quarter valued at approximately $6,081,000. Liberty Capital Management Inc. boosted its stake in shares of Carrier Global by 9.2% in the 2nd quarter. Liberty Capital Management Inc. now owns 28,250 shares of the company’s stock valued at $2,068,000 after purchasing an additional 2,372 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Carrier Global by 5.3% in the 2nd quarter. Truist Financial Corp now owns 128,005 shares of the company’s stock valued at $9,369,000 after purchasing an additional 6,471 shares during the last quarter. One Wealth Advisors LLC increased its position in shares of Carrier Global by 17.7% during the second quarter. One Wealth Advisors LLC now owns 3,998 shares of the company’s stock worth $293,000 after buying an additional 600 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in Carrier Global by 0.4% during the second quarter. Janney Montgomery Scott LLC now owns 272,953 shares of the company’s stock worth $19,977,000 after buying an additional 1,158 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CARR. Jefferies Financial Group reaffirmed a “buy” rating on shares of Carrier Global in a research report on Thursday, September 11th. Mizuho cut their target price on Carrier Global from $88.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. The Goldman Sachs Group decreased 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. Deutsche Bank Aktiengesellschaft dropped their price target on Carrier Global from $73.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, September 23rd. Finally, Morgan Stanley cut their price target on Carrier Global from $78.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $59.46 on Thursday. The business has a 50-day simple moving average of $65.11 and a 200 day simple moving average of $67.60. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The firm has a market capitalization of $50.60 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.84 and a beta of 1.25.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The firm 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. On average, research analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal 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.