Mayflower Financial Advisors LLC Sells 177 Shares of Carrier Global Co. (NYSE:CARR)

Mayflower Financial Advisors LLC lessened its holdings in Carrier Global Co. (NYSE:CARR) by 4.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,647 shares of the company’s stock after selling 177 shares during the period. Mayflower Financial Advisors LLC’s holdings in Carrier Global were worth $230,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Nordea Investment Management AB increased its position in Carrier Global by 5.5% during the first quarter. Nordea Investment Management AB now owns 822,954 shares of the company’s stock valued at $47,633,000 after acquiring an additional 43,002 shares during the last quarter. Nomura Holdings Inc. bought a new position in Carrier Global during the fourth quarter valued at $973,000. Versor Investments LP bought a new position in Carrier Global during the fourth quarter valued at $1,132,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Carrier Global by 50.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 390,272 shares of the company’s stock valued at $22,687,000 after acquiring an additional 130,192 shares during the last quarter. Finally, GLOBALT Investments LLC GA bought a new position in Carrier Global during the fourth quarter valued at $859,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

CARR stock opened at $69.02 on Friday. The firm has a market cap of $62.19 billion, a price-to-earnings ratio of 48.27, a PEG ratio of 2.90 and a beta of 1.32. The firm has a 50-day simple moving average of $66.85 and a two-hundred day simple moving average of $62.37. Carrier Global Co. has a one year low of $45.68 and a one year high of $73.06. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.80 and a current ratio of 1.08.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.05 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts forecast that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on CARR. Barclays boosted their price objective on shares of Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Baird R W raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Royal Bank of Canada boosted their target price on shares of Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and boosted their target price for the company from $65.00 to $74.00 in a research note on Monday, June 24th. Finally, Robert W. Baird lowered their price objective on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $67.62.

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.