E. Ohman J or Asset Management AB Decreases Stock Position in Carrier Global Corporation $CARR

E. Ohman J or Asset Management AB reduced its stake in shares of Carrier Global Corporation (NYSE:CARR) by 9.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 30,725 shares of the company’s stock after selling 3,175 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Carrier Global were worth $2,249,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CARR. Value Partners Investments Inc. lifted its position in shares of Carrier Global by 6.2% in the second quarter. Value Partners Investments Inc. now owns 33,371 shares of the company’s stock valued at $2,438,000 after acquiring an additional 1,958 shares in the last quarter. Wesbanco Bank Inc. increased its position in Carrier Global by 0.6% during the 2nd quarter. Wesbanco Bank Inc. now owns 45,295 shares of the company’s stock worth $3,315,000 after purchasing an additional 257 shares in the last quarter. Enterprise Bank & Trust Co raised its stake in Carrier Global by 3.7% in the 2nd quarter. Enterprise Bank & Trust Co now owns 16,613 shares of the company’s stock valued at $1,216,000 after purchasing an additional 600 shares during the last quarter. Salem Investment Counselors Inc. lifted its holdings in Carrier Global by 1.6% in the 2nd quarter. Salem Investment Counselors Inc. now owns 17,158 shares of the company’s stock valued at $1,256,000 after purchasing an additional 273 shares in the last quarter. Finally, Jacobs & Co. CA acquired a new stake in shares of Carrier Global during the 2nd quarter worth about $9,748,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the topic of a number of analyst reports. Barclays decreased their target price on shares of Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Melius assumed coverage on Carrier Global in a report on Tuesday, July 1st. They set a “hold” rating and a $90.00 price objective on the stock. Citigroup reiterated a “buy” rating and issued a $89.00 target price (up from $82.00) on shares of Carrier Global in a research note on Monday, July 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $79.00 target price on shares of Carrier Global in a research report on Tuesday, July 15th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Carrier Global in a report on Thursday. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.12.

Carrier Global Trading Down 0.8%

NYSE CARR opened at $61.19 on Tuesday. The stock has a market cap of $52.07 billion, a P/E ratio of 13.33, a PEG ratio of 1.74 and a beta of 1.25. The company’s fifty day simple moving average is $69.10 and its 200-day simple moving average is $68.09. 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 52 week low of $54.22 and a 52 week high of $83.32.

Carrier Global (NYSE:CARR) last posted 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 company had revenue of $6.11 billion for the quarter, compared to the consensus estimate 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. Equities research analysts predict that Carrier Global Corporation will post 2.99 EPS 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.