Berkshire Money Management Inc. Has $339,000 Stock Position in Carrier Global Corporation $CARR

Berkshire Money Management Inc. raised its stake in shares of Carrier Global Corporation (NYSE:CARR) by 4.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 4,629 shares of the company’s stock after purchasing an additional 200 shares during the period. Berkshire Money Management Inc.’s holdings in Carrier Global were worth $339,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CARR. Accredited Wealth Management LLC bought a new stake in Carrier Global in the first quarter worth $28,000. Investment Research & Advisory Group Inc. bought a new position in Carrier Global during the first quarter valued at about $29,000. Graybill Wealth Management LTD. acquired a new position in shares of Carrier Global in the first quarter valued at $38,000. Cheviot Value Management LLC bought a new position in shares of Carrier Global during the 1st quarter worth about $38,000. Finally, Rossby Financial LCC bought a new position in Carrier Global during the first quarter worth about $51,000. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CARR. Weiss Ratings reissued a “buy (b-)” rating on shares of Carrier Global in a research note on Saturday, September 27th. Deutsche Bank Aktiengesellschaft cut 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. Wolfe Research decreased their price objective on shares of Carrier Global from $91.00 to $77.00 and set an “outperform” rating for the company in a report on Friday, September 12th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $79.00 price target on shares of Carrier Global in a report on Tuesday, July 15th. Finally, Rothschild & Co Redburn dropped their price objective on shares of Carrier Global from $76.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and an average price target of $79.00.

Carrier Global Trading Up 1.2%

Shares of CARR stock opened at $59.63 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. The company has a market cap of $50.75 billion, a PE ratio of 12.99, a P/E/G ratio of 1.86 and a beta of 1.25. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The stock’s fifty day moving average price is $64.27 and its two-hundred day moving average price is $67.50.

Carrier Global (NYSE:CARR) last announced its quarterly 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 firm had revenue of $6.11 billion for the quarter, compared to analyst estimates 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 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.