Kraematon Investment Advisors Inc. Sells 1,025 Shares of Carrier Global Corporation $CARR

Kraematon Investment Advisors Inc. trimmed its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 5.9% in the second quarter, Holdings Channel.com reports. The fund owned 16,325 shares of the company’s stock after selling 1,025 shares during the quarter. Kraematon Investment Advisors Inc.’s holdings in Carrier Global were worth $1,195,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Accredited Wealth Management LLC bought a new position in shares of Carrier Global during the 1st quarter worth approximately $28,000. Investment Research & Advisory Group Inc. bought a new position in shares of Carrier Global during the first quarter valued at $29,000. Graybill Wealth Management LTD. acquired a new stake in shares of Carrier Global in the 1st quarter valued at $38,000. Cheviot Value Management LLC acquired a new stake in shares of Carrier Global in the 1st quarter valued at $38,000. Finally, ORG Partners LLC increased its position in shares of Carrier Global by 192.2% during the 2nd quarter. ORG Partners LLC now owns 754 shares of the company’s stock worth $56,000 after purchasing an additional 496 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CARR shares. Wolfe Research reduced their price target on shares of Carrier Global from $91.00 to $77.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Jefferies Financial Group reissued a “buy” rating on shares of Carrier Global in a report on Thursday, September 11th. Rothschild & Co Redburn dropped their price target on Carrier Global from $76.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday. Citigroup cut their price objective 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. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $79.00 target price on shares of Carrier Global in a research note on Tuesday, July 15th. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.00.

Carrier Global Stock Up 1.2%

Carrier Global stock opened at $59.63 on Friday. The firm has a market capitalization of $50.75 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.86 and a beta of 1.25. The company’s 50 day simple moving average is $64.27 and its 200 day simple moving average is $67.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32.

Carrier Global (NYSE:CARR) last posted its 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. The company had revenue of $6.11 billion for the quarter, compared to analyst estimates 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. As a group, sell-side analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Company 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.