Advisors Capital Management LLC Acquires 342 Shares of Carrier Global Corporation $CARR

Advisors Capital Management LLC boosted its position in Carrier Global Corporation (NYSE:CARR) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,312 shares of the company’s stock after acquiring an additional 342 shares during the period. Advisors Capital Management LLC’s holdings in Carrier Global were worth $527,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new position in Carrier Global in the fourth quarter worth approximately $28,000. Accredited Wealth Management LLC purchased a new position in shares of Carrier Global during the first quarter valued at approximately $28,000. Investment Research & Advisory Group Inc. purchased a new position in shares of Carrier Global during the first quarter valued at approximately $29,000. Mattson Financial Services LLC purchased a new stake in Carrier Global in the 4th quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in Carrier Global in the 4th quarter valued at $35,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Carrier Global stock opened at $61.68 on Friday. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32. The business has a 50-day simple moving average of $69.37 and a 200 day simple moving average of $68.08. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. The stock has a market cap of $52.49 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.76 and a beta of 1.25.

Carrier Global (NYSE:CARR) last posted 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. 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 during the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, research analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their price target on Carrier Global from $88.00 to $76.00 and set a “buy” rating for the company in a research report on Friday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $79.00 price target on shares of Carrier Global in a research report on Tuesday, July 15th. Melius Research raised Carrier Global to a “hold” rating and set a $90.00 target price for the company in a research report on Tuesday, July 1st. Barclays decreased their target price on Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Morgan Stanley decreased their target price on Carrier Global from $78.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, August 8th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.12.

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.