OLD National Bancorp IN Has $484,000 Stake in Carrier Global Corporation $CARR

OLD National Bancorp IN trimmed its holdings in Carrier Global Corporation (NYSE:CARR) by 19.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,618 shares of the company’s stock after selling 1,586 shares during the period. OLD National Bancorp IN’s holdings in Carrier Global were worth $484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Accredited Wealth Management LLC bought a new stake in shares of Carrier Global in the first quarter valued at about $28,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Carrier Global in the first quarter valued at about $29,000. Graybill Wealth Management LTD. bought a new stake in shares of Carrier Global in the first quarter valued at about $38,000. Cheviot Value Management LLC bought a new stake in shares of Carrier Global in the first quarter valued at about $38,000. Finally, Rossby Financial LCC bought a new stake in shares of Carrier Global in the first quarter valued at about $51,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

CARR opened at $59.11 on Wednesday. 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 business’s 50-day simple moving average is $63.61 and its 200 day simple moving average is $67.39. The firm has a market capitalization of $50.30 billion, a PE ratio of 12.88, a PEG ratio of 1.86 and a beta of 1.25. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $83.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, sell-side analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CARR. The Goldman Sachs Group cut their price target on Carrier Global from $88.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Melius Research upgraded Carrier Global to a “hold” rating and set a $90.00 price target on the stock in a report on Tuesday, July 1st. Barclays cut their price target on Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Melius initiated coverage on Carrier Global in a report on Tuesday, July 1st. They set a “hold” rating and a $90.00 target price on the stock. Finally, Royal Bank Of Canada dropped their target price on Carrier Global from $87.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. 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 presently has a consensus rating of “Moderate Buy” and an average price target 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.