Carrier Global Corporation $CARR Stake Reduced by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC cut its holdings in Carrier Global Corporation (NYSE:CARR) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,295 shares of the company’s stock after selling 1,113 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Carrier Global were worth $6,901,000 as of its most recent SEC filing.

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

Carrier Global Stock Down 1.0%

CARR opened at $61.68 on Monday. The business has a 50 day moving average price of $69.37 and a 200 day moving average price of $68.11. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. The firm has a market cap of $52.49 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 1.74 and a beta of 1.25.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share 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 firm had revenue of $6.11 billion during the quarter, compared to analyst estimates of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CARR shares. Barclays dropped their price target on Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday. The Goldman Sachs Group lowered their target price on Carrier Global from $88.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday. Robert W. Baird lowered their target price on Carrier Global from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Citigroup reaffirmed a “buy” rating and set a $89.00 target price (up previously from $82.00) on shares of Carrier Global in a research note on Monday, July 14th. Finally, Melius assumed coverage on Carrier Global in a research note on Tuesday, July 1st. They set a “hold” rating and a $90.00 target price on the stock. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $82.12.

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.