WoodTrust Financial Corp Invests $222,000 in Carrier Global Corporation $CARR

WoodTrust Financial Corp bought a new stake in Carrier Global Corporation (NYSE:CARR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,040 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors have also modified their holdings of CARR. Accredited Wealth Management LLC acquired a new position in shares of Carrier Global in the 1st quarter valued at $28,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Carrier Global in the 1st quarter valued at $29,000. REAP Financial Group LLC acquired a new position in shares of Carrier Global in the 2nd quarter valued at $29,000. Graybill Wealth Management LTD. acquired a new position in shares of Carrier Global in the 1st quarter valued at $38,000. Finally, Cheviot Value Management LLC acquired a new position in shares of Carrier Global in the 1st quarter valued at $38,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

NYSE:CARR 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 fifty-two week low of $54.22 and a fifty-two week high of $83.32. The stock 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 firm’s fifty day simple moving average is $63.61 and its 200-day simple moving average 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, topping analysts’ consensus estimates of $0.90 by $0.02. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The business 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. Analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on CARR. The Goldman Sachs Group dropped their price objective 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. Wells Fargo & Company dropped their price objective on shares of Carrier Global from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $79.00 price objective on shares of Carrier Global in a research note on Tuesday, July 15th. Wolfe Research dropped their price objective on shares of Carrier Global from $91.00 to $77.00 and set an “outperform” rating on the stock in a research note on Friday, September 12th. Finally, Citigroup dropped their price objective on shares of Carrier Global from $89.00 to $75.00 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $78.47.

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.