AHL Investment Management Inc. Sells 195 Shares of Carrier Global Corporation $CARR

AHL Investment Management Inc. lessened its holdings in Carrier Global Corporation (NYSE:CARR) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,471 shares of the company’s stock after selling 195 shares during the period. AHL Investment Management Inc.’s holdings in Carrier Global were worth $1,352,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CARR. JPMorgan Chase & Co. raised its stake in Carrier Global by 17.6% during the 1st quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company’s stock worth $1,973,444,000 after acquiring an additional 4,668,929 shares during the period. Nuveen LLC bought a new stake in Carrier Global during the 1st quarter worth approximately $649,512,000. Brown Advisory Inc. raised its stake in Carrier Global by 82.6% during the 1st quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company’s stock worth $613,330,000 after acquiring an additional 4,377,402 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Carrier Global by 0.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,968,294 shares of the company’s stock worth $441,790,000 after acquiring an additional 38,233 shares during the period. Finally, Invesco Ltd. raised its stake in Carrier Global by 2.1% during the 1st quarter. Invesco Ltd. now owns 5,165,203 shares of the company’s stock worth $327,474,000 after acquiring an additional 108,055 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 0.7%

NYSE CARR opened at $61.13 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average of $68.20 and a two-hundred day moving average of $67.97. The firm has a market capitalization of $52.02 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.84 and a beta of 1.25. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CARR shares. Citigroup decreased their target price 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. Jefferies Financial Group restated a “buy” rating on shares of Carrier Global in a research note on Thursday, September 11th. Mizuho decreased their target price on shares of Carrier Global from $88.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday. Melius Research upgraded shares of Carrier Global to a “hold” rating and set a $90.00 target price on the stock in a research note on Tuesday, July 1st. Finally, Morgan Stanley decreased their target price on shares of Carrier Global from $78.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.29.

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.