Proffitt & Goodson Inc. Has $633,000 Holdings in Carrier Global Corporation $CARR

Proffitt & Goodson Inc. lifted its holdings in Carrier Global Corporation (NYSE:CARR) by 2.8% during the 2nd quarter, Holdings Channel reports. The fund owned 8,644 shares of the company’s stock after acquiring an additional 238 shares during the quarter. Proffitt & Goodson Inc.’s holdings in Carrier Global were worth $633,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC boosted its holdings in shares of Carrier Global by 51.8% in the 1st quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company’s stock worth $88,000 after acquiring an additional 474 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Carrier Global by 15.7% in the 1st quarter. Bessemer Group Inc. now owns 28,768 shares of the company’s stock worth $1,823,000 after acquiring an additional 3,900 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Carrier Global in the 1st quarter worth approximately $234,000. Ransom Advisory Ltd acquired a new position in Carrier Global during the 1st quarter worth $400,000. Finally, Aberdeen Group plc lifted its holdings in Carrier Global by 1.8% during the 1st quarter. Aberdeen Group plc now owns 717,658 shares of the company’s stock worth $44,854,000 after buying an additional 12,346 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CARR. Wolfe Research reduced their price objective on Carrier Global from $91.00 to $77.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. 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 report on Friday, September 12th. Barclays reduced their price objective on Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Rothschild & Co Redburn reduced their price objective on Carrier Global from $76.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Carrier Global from $73.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, September 23rd. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.47.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $59.11 on Wednesday. The stock’s fifty day simple moving average is $63.61 and its 200 day simple moving average is $67.39. The company has a market capitalization of $50.30 billion, a PE ratio of 12.88, a PEG ratio of 1.86 and a beta of 1.25. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 12 month low of $54.22 and a 12 month high of $83.32.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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 predict that Carrier Global Corporation will post 2.99 EPS for the current 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.