Ameritas Advisory Services LLC Increases Stock Holdings in Carrier Global Corporation $CARR

Ameritas Advisory Services LLC boosted its position in Carrier Global Corporation (NYSE:CARR) by 16.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 17,637 shares of the company’s stock after purchasing an additional 2,453 shares during the period. Ameritas Advisory Services LLC’s holdings in Carrier Global were worth $1,291,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC boosted its position in Carrier Global by 51.8% in the first quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company’s stock worth $88,000 after purchasing an additional 474 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Carrier Global by 15.7% in the first quarter. Bessemer Group Inc. now owns 28,768 shares of the company’s stock worth $1,823,000 after buying an additional 3,900 shares during the period. Sowell Financial Services LLC bought a new position in shares of Carrier Global in the first quarter worth about $234,000. Ransom Advisory Ltd bought a new position in shares of Carrier Global in the first quarter worth about $400,000. Finally, Aberdeen Group plc raised its stake in shares of Carrier Global by 1.8% in the first quarter. Aberdeen Group plc now owns 717,658 shares of the company’s stock worth $44,854,000 after buying an additional 12,346 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Up 1.2%

Shares of CARR opened at $59.63 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32. The business’s 50 day moving average is $64.27 and its 200 day moving average is $67.49. The company has a market capitalization 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.

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, topping analysts’ consensus estimates of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.The business had revenue of $6.11 billion for the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Research analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

CARR has been the topic of several recent research reports. Melius initiated coverage on Carrier Global in a research note on Tuesday, July 1st. They issued a “hold” rating and a $90.00 price objective on the stock. Rothschild & Co Redburn decreased their price objective on Carrier Global from $76.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday. Morgan Stanley decreased their price objective on Carrier Global from $78.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, August 8th. Citigroup decreased their target price on Carrier Global from $89.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Carrier Global in a research note on Thursday, September 11th. Twelve investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $79.00.

Carrier Global Profile

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.