Kidder Stephen W Has $6.72 Million Holdings in Carrier Global Corporation $CARR

Kidder Stephen W boosted its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 0.3% in the second quarter, HoldingsChannel reports. The firm owned 91,797 shares of the company’s stock after acquiring an additional 258 shares during the period. Carrier Global makes up 2.0% of Kidder Stephen W’s portfolio, making the stock its 21st biggest position. Kidder Stephen W’s holdings in Carrier Global were worth $6,719,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. REAP Financial Group LLC acquired a new stake in shares of Carrier Global during the second quarter worth $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Carrier Global in the 1st quarter valued at about $28,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of Carrier Global in the 1st quarter valued at about $29,000. Graybill Wealth Management LTD. acquired a new stake in shares of Carrier Global in the 1st quarter valued at about $38,000. Finally, Cheviot Value Management LLC acquired a new stake in shares of Carrier Global in the first quarter valued at about $38,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Price Performance

Shares of NYSE CARR opened at $59.11 on Wednesday. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The stock has a market cap of $50.30 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 1.86 and a beta of 1.25. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. The firm’s 50-day simple moving average is $63.61 and its 200 day simple moving average is $67.39.

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 firm 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. As a group, research analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CARR. Barclays lowered their price target on Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Melius Research upgraded Carrier Global to a “hold” rating and set a $90.00 price target for the company in a research note on Tuesday, July 1st. Wells Fargo & Company cut their price target on Carrier Global from $75.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday. 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. Finally, 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. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.47.

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.