2,830 Shares in Carrier Global Corporation $CARR Acquired by MBL Wealth LLC

MBL Wealth LLC acquired a new stake in shares of Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,830 shares of the company’s stock, valued at approximately $207,000.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares in the last quarter. NBC Securities Inc. increased its holdings in shares of Carrier Global by 166,400.0% in the first quarter. NBC Securities Inc. now owns 1,665 shares of the company’s stock worth $105,000 after purchasing an additional 1,664 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Carrier Global by 29.9% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,057 shares of the company’s stock valued at $130,000 after buying an additional 473 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of Carrier Global by 13.7% in the first quarter. SeaCrest Wealth Management LLC now owns 5,645 shares of the company’s stock valued at $358,000 after purchasing an additional 682 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its position in Carrier Global by 4.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 6,898 shares of the company’s stock worth $437,000 after acquiring an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CARR. Melius initiated coverage on Carrier Global in a research note on Tuesday, July 1st. They set a “hold” rating and a $90.00 target price on the stock. Royal Bank Of Canada cut their price target on Carrier Global from $87.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Melius Research raised shares of Carrier Global to a “hold” rating and set a $90.00 target price for the company in a research report on Tuesday, July 1st. Oppenheimer decreased their price target on Carrier Global from $85.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, September 17th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Carrier Global in a report on Saturday, September 27th. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $59.63 on Monday. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The company has a market cap of $50.75 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. The company’s 50 day moving average is $64.27 and its 200 day moving average is $67.50.

Carrier Global (NYSE:CARR) last announced 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. The business had revenue of $6.11 billion during the quarter, compared to analysts’ expectations 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, sell-side analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

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.