Trust Co. of Vermont Reduces Position in Carrier Global Corporation $CARR

Trust Co. of Vermont cut its position in shares of Carrier Global Corporation (NYSE:CARR) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,257 shares of the company’s stock after selling 262 shares during the period. Trust Co. of Vermont’s holdings in Carrier Global were worth $2,727,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its position in Carrier Global by 51.8% in the 1st quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company’s stock valued at $88,000 after buying an additional 474 shares during the period. Bessemer Group Inc. boosted its position in Carrier Global by 15.7% in the 1st quarter. Bessemer Group Inc. now owns 28,768 shares of the company’s stock valued at $1,823,000 after buying an additional 3,900 shares during the period. Sowell Financial Services LLC purchased a new stake in Carrier Global in the 1st quarter valued at about $234,000. Ransom Advisory Ltd purchased a new stake in Carrier Global in the 1st quarter valued at about $400,000. Finally, Aberdeen Group plc boosted its position in Carrier Global by 1.8% in the 1st quarter. Aberdeen Group plc now owns 717,658 shares of the company’s stock valued at $44,854,000 after buying an additional 12,346 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Trading Up 1.0%

Shares of Carrier Global stock opened at $59.75 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32. The firm has a market capitalization of $50.85 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.83 and a beta of 1.25. The firm’s 50 day simple moving average is $65.51 and its two-hundred day simple moving average is $67.66.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results 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 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 analyst estimates of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Analysts predict that Carrier Global Corporation will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CARR. Citigroup lowered their price objective on shares of Carrier Global from $89.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, September 12th. Robert W. Baird lowered their price objective on shares of Carrier Global from $84.00 to $75.00 in a research report on Thursday, September 11th. Mizuho lowered their price target on shares of Carrier Global from $88.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Carrier Global in a research report on Thursday, September 11th. Finally, Morgan Stanley lowered their price target on shares of Carrier Global from $78.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $79.72.

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.