Carrier Global Co. (NYSE:CARR) Shares Acquired by CapWealth Advisors LLC

CapWealth Advisors LLC raised its position in shares of Carrier Global Co. (NYSE:CARR) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,226 shares of the company’s stock after buying an additional 239 shares during the quarter. CapWealth Advisors LLC’s holdings in Carrier Global were worth $6,259,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Carrier Global by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 94,289,980 shares of the company’s stock worth $5,481,077,000 after buying an additional 466,829 shares during the last quarter. Capital Research Global Investors lifted its holdings in Carrier Global by 3.3% in the fourth quarter. Capital Research Global Investors now owns 92,829,907 shares of the company’s stock worth $5,333,084,000 after acquiring an additional 2,961,923 shares during the last quarter. Capital International Investors boosted its stake in Carrier Global by 4.6% in the first quarter. Capital International Investors now owns 84,827,130 shares of the company’s stock valued at $4,931,001,000 after acquiring an additional 3,763,666 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Carrier Global by 280.1% during the first quarter. JPMorgan Chase & Co. now owns 23,098,687 shares of the company’s stock valued at $1,342,727,000 after purchasing an additional 17,021,768 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Carrier Global by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 13,307,231 shares of the company’s stock worth $764,500,000 after purchasing an additional 310,453 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $69.02 on Friday. Carrier Global Co. has a 52 week low of $45.68 and a 52 week high of $73.06. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. The stock has a market cap of $62.19 billion, a PE ratio of 48.27, a price-to-earnings-growth ratio of 2.90 and a beta of 1.32. The company’s 50-day moving average price is $66.85 and its two-hundred day moving average price is $62.37.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, July 25th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS. As a group, sell-side analysts anticipate that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Insider Buying and Selling at Carrier Global

In other news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the completion of the sale, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of analyst reports. Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $65.00 to $74.00 in a research report on Monday, June 24th. Oppenheimer boosted their price target on shares of Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Morgan Stanley began coverage on shares of Carrier Global in a report on Friday. They issued an “equal weight” rating and a $75.00 price objective on the stock. Barclays boosted their target price on shares of Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Finally, Wolfe Research upgraded shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.85.

Carrier Global Profile

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.