Carrier Global Corporation $CARR Shares Sold by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI cut its stake in shares of Carrier Global Corporation (NYSE:CARR) by 2.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,800 shares of the company’s stock after selling 200 shares during the period. Fishman Jay A Ltd. MI’s holdings in Carrier Global were worth $644,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Valeo Financial Advisors LLC grew its position in Carrier Global by 3.2% during the second quarter. Valeo Financial Advisors LLC now owns 12,546 shares of the company’s stock valued at $918,000 after acquiring an additional 387 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of Carrier Global by 8.1% in the 2nd quarter. DAVENPORT & Co LLC now owns 101,940 shares of the company’s stock valued at $7,461,000 after purchasing an additional 7,660 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of Carrier Global by 21.3% during the 2nd quarter. Merit Financial Group LLC now owns 46,113 shares of the company’s stock worth $3,375,000 after purchasing an additional 8,103 shares during the period. MBL Wealth LLC purchased a new stake in shares of Carrier Global during the 2nd quarter worth about $207,000. Finally, Penobscot Investment Management Company Inc. raised its holdings in Carrier Global by 0.7% in the second quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company’s stock valued at $1,525,000 after buying an additional 155 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of CARR stock opened at $59.63 on Monday. The company’s 50-day simple moving average is $64.27 and its 200-day simple moving average is $67.50. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The stock has a market capitalization of $50.75 billion, a price-to-earnings ratio of 12.99, 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.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $6.11 billion during 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. Equities analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Melius started coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They issued a “hold” rating and a $90.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Carrier Global in a research report on Saturday, September 27th. The Goldman Sachs Group lowered their target price on Carrier Global from $88.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Citigroup dropped their target price on Carrier Global from $89.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Finally, Morgan Stanley decreased their price target on Carrier Global from $78.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, August 8th. Twelve equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and an average price target 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.