Valeo Financial Advisors LLC Has $918,000 Stock Position in Carrier Global Corporation $CARR

Valeo Financial Advisors LLC lifted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,546 shares of the company’s stock after purchasing an additional 387 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Carrier Global were worth $918,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. DAVENPORT & Co LLC grew its stake in Carrier Global by 8.1% during the second quarter. DAVENPORT & Co LLC now owns 101,940 shares of the company’s stock worth $7,461,000 after buying an additional 7,660 shares in the last quarter. Merit Financial Group LLC boosted its position in shares of Carrier Global by 21.3% during the 2nd quarter. Merit Financial Group LLC now owns 46,113 shares of the company’s stock worth $3,375,000 after acquiring an additional 8,103 shares in the last quarter. MBL Wealth LLC acquired a new stake in shares of Carrier Global during the 2nd quarter worth approximately $207,000. Penobscot Investment Management Company Inc. boosted its position in shares of Carrier Global by 0.7% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company’s stock worth $1,525,000 after acquiring an additional 155 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Carrier Global by 14.2% during the 2nd quarter. QRG Capital Management Inc. now owns 104,037 shares of the company’s stock worth $7,614,000 after acquiring an additional 12,929 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Performance

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

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) 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 company 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. Sell-side analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on CARR. Mizuho reduced their target price on Carrier Global from $88.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Citigroup reduced their target price on Carrier Global from $89.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Melius Research raised Carrier Global to a “hold” rating and set a $90.00 price objective on the stock in a research note on Tuesday, July 1st. Melius initiated coverage on Carrier Global in a research note on Tuesday, July 1st. They issued a “hold” rating and a $90.00 price objective on the stock. Finally, The Goldman Sachs Group reduced their price target on shares of Carrier Global from $88.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average 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.