Clarius Group LLC Has $274,000 Stock Holdings in Carrier Global Corporation $CARR

Clarius Group LLC trimmed its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 16.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,738 shares of the company’s stock after selling 722 shares during the period. Clarius Group LLC’s holdings in Carrier Global were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CARR. Nuveen LLC acquired a new position in shares of Carrier Global in the 1st quarter valued at about $649,512,000. JPMorgan Chase & Co. increased its stake in Carrier Global by 17.6% in the 1st quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company’s stock valued at $1,973,444,000 after buying an additional 4,668,929 shares during the period. Brown Advisory Inc. increased its stake in Carrier Global by 82.6% in the 1st quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company’s stock valued at $613,330,000 after buying an additional 4,377,402 shares during the period. Alliancebernstein L.P. lifted its position in Carrier Global by 61.9% in the 1st quarter. Alliancebernstein L.P. now owns 4,318,806 shares of the company’s stock worth $273,812,000 after buying an additional 1,651,873 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Carrier Global by 23.5% during the 1st quarter. Victory Capital Management Inc. now owns 4,512,774 shares of the company’s stock valued at $286,110,000 after buying an additional 857,694 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CARR has been the subject of several recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Carrier Global in a report on Saturday, September 27th. Citigroup dropped their target price on Carrier Global from $89.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. Mizuho reduced their price target on Carrier Global from $88.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft dropped their price objective on Carrier Global from $73.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, September 23rd. Finally, Wells Fargo & Company reduced their target price on shares of Carrier Global from $75.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.47.

Carrier Global Price Performance

NYSE CARR opened at $59.77 on Tuesday. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $83.32. The company has a fifty day simple moving average of $63.86 and a 200 day simple moving average of $67.45. 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 $50.87 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.86 and a beta of 1.25.

Carrier Global (NYSE:CARR) last released 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. The company 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 predict 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.