Carrier Global Corporation $CARR Shares Purchased by Confluence Investment Management LLC

by · The Markets Daily

Confluence Investment Management LLC increased its holdings in shares of Carrier Global Corporation (NYSE:CARR – Free Report) by 54.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 729,501 shares of the company’s stock after purchasing an additional 256,723 shares during the quarter. Confluence Investment Management LLC’s holdings in Carrier Global were worth $40,020,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Johnson Financial Group Inc. acquired a new position in Carrier Global in the second quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Carrier Global in the second quarter valued at approximately $26,000. Financial Management Professionals Inc. grew its position in shares of Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after acquiring an additional 225 shares during the last quarter. Burnham & Co LLC acquired a new position in shares of Carrier Global in the 2nd quarter valued at $37,000. Finally, Signature Equity Partners LLC raised its position in Carrier Global by 449.2% in the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock valued at $36,000 after purchasing an additional 530 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of CARR traded down $0.13 during mid-day trading on Thursday, hitting $54.73. The company’s stock had a trading volume of 2,144,755 shares, compared to its average volume of 6,834,511. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The firm has a market capitalization of $45.11 billion, a P/E ratio of 37.94, a P/E/G ratio of 2.13 and a beta of 1.30. The firm has a 50-day simple moving average of $59.86 and a 200 day simple moving average of $62.99.

Carrier Global (NYSE:CARR – Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Analysts predict that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CARR. Zacks Research upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Wolfe Research reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Carrier Global in a research note on Thursday, July 9th. Citigroup lifted their target price on Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Sanford C. Bernstein reissued a “market perform” rating and issued a $78.00 target price on shares of Carrier Global in a report on Thursday, July 30th. Finally, Wells Fargo & Company began coverage on Carrier Global in a report on Thursday, September 24th. They set an “overweight” rating and a $67.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.04.

Check Out Our Latest Analysis on CARR

About Carrier Global

(Free Report)

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.

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