Riverview Capital Advisers LLC decreased its stake in shares of Carrier Global Corporation (NYSE:CARR – Free Report) by 19.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,979 shares of the company’s stock after selling 21,153 shares during the period. Carrier Global comprises 1.8% of Riverview Capital Advisers LLC’s portfolio, making the stock its 21st largest holding. Riverview Capital Advisers LLC’s holdings in Carrier Global were worth $6,453,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CARR. AlphaGrep UK Ltd bought a new position in shares of Carrier Global during the 2nd quarter valued at $282,000. William John Sempolinski bought a new stake in shares of Carrier Global in the second quarter worth $224,000. TOP Private Wealth LLC. bought a new stake in shares of Carrier Global in the second quarter worth $91,000. Knollwood Investment Advisory LLC purchased a new stake in Carrier Global during the second quarter valued at $201,000. Finally, Syon Capital LLC increased its position in Carrier Global by 8.9% during the second quarter. Syon Capital LLC now owns 10,776 shares of the company’s stock valued at $790,000 after acquiring an additional 878 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on CARR shares. Citigroup raised their target price on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. upped their price target on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Morgan Stanley increased their price objective on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Zacks Research raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $78.00 target price on shares of Carrier Global in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.67.
Carrier Global Price Performance
NYSE CARR opened at $59.69 on Friday. The business’s fifty day moving average is $64.67 and its 200 day moving average is $63.73. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. The company has a market capitalization of $49.20 billion, a PE ratio of 41.45, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30.
Carrier Global (NYSE:CARR – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts predict that Carrier Global Corporation will post 2.87 earnings per share for the current year.
Carrier Global Profile
Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.
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