Carrier Global Corporation $CARR Shares Acquired by DHJJ Financial Advisors Ltd.

DHJJ Financial Advisors Ltd. grew its holdings in Carrier Global Corporation (NYSE:CARR) by 2,259.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,392 shares of the company’s stock after buying an additional 1,333 shares during the quarter. DHJJ Financial Advisors Ltd.’s holdings in Carrier Global were worth $102,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Hilltop National Bank acquired a new stake in shares of Carrier Global in the second quarter valued at about $122,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Carrier Global by 7.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,348 shares of the company’s stock valued at $7,564,000 after buying an additional 7,509 shares during the last quarter. ASR Vermogensbeheer N.V. acquired a new stake in shares of Carrier Global in the second quarter valued at about $4,991,000. Naples Global Advisors LLC raised its position in shares of Carrier Global by 17.9% in the second quarter. Naples Global Advisors LLC now owns 9,505 shares of the company’s stock valued at $696,000 after buying an additional 1,440 shares during the last quarter. Finally, Pure Financial Advisors LLC increased its position in Carrier Global by 13.1% during the second quarter. Pure Financial Advisors LLC now owns 4,669 shares of the company’s stock worth $342,000 after purchasing an additional 539 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Trading Up 1.2%

NYSE CARR opened at $59.63 on Friday. The firm has a 50 day simple moving average of $64.27 and a 200-day simple moving average of $67.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The firm has a market cap of $50.75 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.83 and a beta of 1.25.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Equities research analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Melius Research upgraded shares of Carrier Global to a “hold” rating and set a $90.00 price objective for the company in a research report on Tuesday, July 1st. Mizuho cut their price objective 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. JPMorgan Chase & Co. restated a “neutral” rating and set a $79.00 price objective on shares of Carrier Global in a research report on Tuesday, July 15th. Oppenheimer cut their price objective on shares of Carrier Global from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Wednesday, September 17th. Finally, Barclays dropped their price target on shares of Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and an average target price of $79.00.

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.