Enterprise Bank & Trust Co Buys 600 Shares of Carrier Global Corporation $CARR

Enterprise Bank & Trust Co boosted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,613 shares of the company’s stock after buying an additional 600 shares during the period. Enterprise Bank & Trust Co’s holdings in Carrier Global were worth $1,216,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in shares of Carrier Global by 17.6% in the 1st quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company’s stock worth $1,973,444,000 after buying an additional 4,668,929 shares during the last quarter. Nuveen LLC purchased a new position in Carrier Global during the first quarter valued at $649,512,000. Brown Advisory Inc. lifted its position in Carrier Global by 82.6% during the first quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company’s stock valued at $613,330,000 after purchasing an additional 4,377,402 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Carrier Global by 0.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,968,294 shares of the company’s stock valued at $441,790,000 after acquiring an additional 38,233 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Carrier Global by 15.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,930,061 shares of the company’s stock valued at $473,046,000 after acquiring an additional 936,892 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CARR. Morgan Stanley reduced their target price on Carrier Global from $78.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Robert W. Baird lowered their price target on Carrier Global from $85.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, July 30th. Royal Bank Of Canada lowered their target price on Carrier Global from $87.00 to $75.00 and set an “outperform” rating for the company in a report on Friday. Melius assumed coverage on Carrier Global in a report on Tuesday, July 1st. They set a “hold” rating and a $90.00 price objective for the company. Finally, Barclays decreased their price objective on Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and an average price target of $82.12.

Carrier Global Price Performance

NYSE:CARR 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 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 capitalization of $52.49 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.76 and a beta of 1.25. The stock’s 50-day moving average price is $69.37 and its 200-day moving average price is $68.08.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 18.33% and a return on equity of 17.83%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, equities analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

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.