Cutler Investment Counsel LLC Grows Stock Holdings in Carrier Global Co. (NYSE:CARR)

Cutler Investment Counsel LLC increased its position in Carrier Global Co. (NYSE:CARR) by 0.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 162,508 shares of the company’s stock after buying an additional 253 shares during the period. Cutler Investment Counsel LLC’s holdings in Carrier Global were worth $9,367,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its stake in Carrier Global by 712.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,482,866 shares of the company’s stock valued at $799,843,000 after acquiring an additional 15,330,140 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of Carrier Global by 83,676.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,410,303 shares of the company’s stock worth $346,925,000 after purchasing an additional 8,400,264 shares during the last quarter. Norges Bank purchased a new stake in shares of Carrier Global in the fourth quarter worth about $297,581,000. C WorldWide Group Holding A S purchased a new position in Carrier Global during the 3rd quarter valued at approximately $260,761,000. Finally, Victory Capital Management Inc. increased its stake in Carrier Global by 1,140.8% in the 4th quarter. Victory Capital Management Inc. now owns 4,138,117 shares of the company’s stock worth $170,697,000 after acquiring an additional 3,804,624 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CARR. Royal Bank of Canada lowered their target price on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Wells Fargo & Company dropped their price objective on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Oppenheimer restated an “outperform” rating and set a $63.00 target price on shares of Carrier Global in a research report on Thursday. Barclays lifted their price target on Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Citigroup upped their price objective on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.15.

Insiders Place Their Bets

In other news, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the transaction, the vice president now directly owns 66,083 shares in the company, valued at $3,553,282.91. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the completion of the sale, the vice president now directly owns 66,083 shares in the company, valued at approximately $3,553,282.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David L. Gitlin sold 354,539 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.16, for a total value of $19,201,832.24. Following the sale, the chief executive officer now directly owns 422,808 shares in the company, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. 6.95% of the stock is owned by company insiders.

Carrier Global Trading Up 0.9 %

Shares of Carrier Global stock traded up $0.48 on Friday, hitting $53.86. 1,609,723 shares of the company traded hands, compared to its average volume of 4,643,851. Carrier Global Co. has a 52 week low of $40.28 and a 52 week high of $60.87. The company has a market cap of $48.48 billion, a PE ratio of 33.79, a PEG ratio of 2.29 and a beta of 1.39. The stock’s 50 day moving average price is $56.41 and its 200-day moving average price is $54.75. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same period in the previous year, the company posted $0.40 EPS. Carrier Global’s revenue was down .1% on a year-over-year basis. Equities research analysts predict that Carrier Global Co. will post 2.82 EPS for the current 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.