NEOS Investment Management LLC Has $9.41 Million Holdings in Carrier Global Corporation $CARR

NEOS Investment Management LLC boosted its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 13.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,243 shares of the company’s stock after purchasing an additional 15,309 shares during the period. NEOS Investment Management LLC’s holdings in Carrier Global were worth $9,407,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new stake in shares of Carrier Global during the second quarter worth $590,759,000. Bank of America Corp DE acquired a new position in Carrier Global during the 2nd quarter worth about $572,908,000. Norges Bank bought a new stake in Carrier Global during the 4th quarter worth about $380,299,000. Legal & General Group Plc bought a new stake in Carrier Global during the 2nd quarter worth about $322,366,000. Finally, Primecap Management Co. CA acquired a new stake in Carrier Global in the 2nd quarter valued at about $283,585,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CARR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. JPMorgan Chase & Co. raised their price target on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Wolfe Research restated an “outperform” rating and issued a $80.00 price objective on shares of Carrier Global in a research report on Thursday, July 9th. Morgan Stanley upped their price objective on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Finally, Citigroup increased their price objective on Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Stock Up 1.0%

Carrier Global stock opened at $59.69 on Friday. The firm has a market capitalization of $49.20 billion, a price-to-earnings ratio of 41.45, a PEG ratio of 2.30 and a beta of 1.30. The company’s 50 day simple moving average is $64.67 and its 200 day simple moving average is $63.73. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76.

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

About Carrier Global

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.