Carrier Global Corporation $CARR Position Raised by DAVENPORT & Co LLC

DAVENPORT & Co LLC increased its position in shares of Carrier Global Corporation (NYSE:CARR) by 8.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,940 shares of the company’s stock after purchasing an additional 7,660 shares during the period. DAVENPORT & Co LLC’s holdings in Carrier Global were worth $7,461,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Accredited Wealth Management LLC bought a new stake in Carrier Global during the first quarter worth approximately $28,000. Investment Research & Advisory Group Inc. bought a new stake in Carrier Global during the first quarter worth approximately $29,000. Graybill Wealth Management LTD. bought a new stake in Carrier Global during the first quarter worth approximately $38,000. Cheviot Value Management LLC bought a new stake in Carrier Global during the first quarter worth approximately $38,000. Finally, ORG Partners LLC raised its holdings in Carrier Global by 192.2% during the second 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.

Carrier Global Trading Down 1.2%

NYSE CARR opened at $59.11 on Wednesday. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32. 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 stock has a market cap of $50.30 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 1.86 and a beta of 1.25. The firm’s 50 day moving average price is $63.61 and its two-hundred day moving average price is $67.39.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The firm had revenue of $6.11 billion for the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Equities analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $79.00 price target on shares of Carrier Global in a research report on Tuesday, July 15th. Morgan Stanley decreased their price target on shares of Carrier Global from $78.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, August 8th. Wells Fargo & Company decreased their price target on shares of Carrier Global from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday. Oppenheimer decreased their price target on shares of Carrier Global from $85.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 17th. Finally, Citigroup decreased their price target on shares of Carrier Global from $89.00 to $75.00 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 issued a Hold rating to the company. Based on data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.47.

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.