Carrier Global Corporation $CARR Shares Sold by Broderick Brian C

Broderick Brian C reduced its stake in shares of Carrier Global Corporation (NYSE:CARR) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 108,682 shares of the company’s stock after selling 4,165 shares during the period. Carrier Global makes up about 1.6% of Broderick Brian C’s holdings, making the stock its 24th largest position. Broderick Brian C’s holdings in Carrier Global were worth $7,954,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Nuveen LLC acquired a new position in Carrier Global during the first quarter worth about $649,512,000. JPMorgan Chase & Co. boosted its stake in shares of Carrier Global by 17.6% during the 1st quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company’s stock worth $1,973,444,000 after acquiring an additional 4,668,929 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of Carrier Global by 82.6% in the 1st quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company’s stock worth $613,330,000 after acquiring an additional 4,377,402 shares during the period. Alliancebernstein L.P. raised its holdings in Carrier Global by 61.9% during the first quarter. Alliancebernstein L.P. now owns 4,318,806 shares of the company’s stock worth $273,812,000 after purchasing an additional 1,651,873 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Carrier Global by 23.5% during the first quarter. Victory Capital Management Inc. now owns 4,512,774 shares of the company’s stock worth $286,110,000 after purchasing an additional 857,694 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 1.2%

Shares of CARR stock opened at $59.11 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The firm’s 50 day moving average price is $63.61 and its two-hundred day moving average price is $67.39. The stock has a market cap of $50.30 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $6.11 billion for the quarter, compared to the consensus estimate 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. On average, analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CARR. Citigroup dropped their price target on Carrier Global from $89.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, September 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Carrier Global from $73.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, September 23rd. Rothschild & Co Redburn reduced their target price on Carrier Global from $76.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Carrier Global in a research report on Saturday, September 27th. Finally, The Goldman Sachs Group reduced their price objective on Carrier Global from $88.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.47.

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.