Carrier Global Corporation $CARR Shares Sold by NBT Bank N A NY

NBT Bank N A NY lessened its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 5.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,748 shares of the company’s stock after selling 3,201 shares during the period. NBT Bank N A NY’s holdings in Carrier Global were worth $4,153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. REAP Financial Group LLC acquired a new position in Carrier Global during the second quarter worth approximately $29,000. Accredited Wealth Management LLC acquired a new position in Carrier Global during the first quarter worth approximately $28,000. Investment Research & Advisory Group Inc. acquired a new position in Carrier Global during the first quarter worth approximately $29,000. Graybill Wealth Management LTD. acquired a new position in Carrier Global during the first quarter worth approximately $38,000. Finally, Cheviot Value Management LLC acquired a new position in Carrier Global during the first quarter worth approximately $38,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Down 1.2%

Carrier Global stock opened at $59.11 on Wednesday. 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 1-year low of $54.22 and a 1-year high of $83.32. The company has a market cap of $50.30 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. The stock’s 50 day moving average price is $63.61 and its 200 day moving average price is $67.39.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.The firm had revenue of $6.11 billion for the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, sell-side analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CARR has been the topic of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Carrier Global in a research report on Thursday, September 11th. Royal Bank Of Canada cut their price target on Carrier Global from $87.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $79.00 price target on shares of Carrier Global in a research report on Tuesday, July 15th. Wolfe Research cut their price target on Carrier Global from $91.00 to $77.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Finally, The Goldman Sachs Group dropped their target price on Carrier Global from $88.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.47.

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.