HHM Wealth Advisors LLC Invests $141,000 in Carrier Global Co. (NYSE:CARR)

HHM Wealth Advisors LLC bought a new stake in Carrier Global Co. (NYSE:CARR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,240 shares of the company’s stock, valued at approximately $141,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Nordea Investment Management AB lifted its position in shares of Carrier Global by 5.5% during the 1st quarter. Nordea Investment Management AB now owns 822,954 shares of the company’s stock worth $47,633,000 after buying an additional 43,002 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Carrier Global in the fourth quarter valued at $973,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Carrier Global by 50.1% in 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 in the last quarter. GLOBALT Investments LLC GA purchased a new position in shares of Carrier Global during the fourth quarter worth about $859,000. Finally, United Services Automobile Association increased its position in shares of Carrier Global by 9.2% during the fourth quarter. United Services Automobile Association now owns 26,758 shares of the company’s stock worth $1,537,000 after purchasing an additional 2,244 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $64.55, for a total value of $4,026,758.10. Following the completion of the transaction, the vice president now owns 103,066 shares in the company, valued at $6,652,910.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.95% of the stock is currently owned by corporate insiders.

Carrier Global Stock Up 2.6 %

Shares of NYSE:CARR opened at $73.67 on Thursday. Carrier Global Co. has a fifty-two week low of $45.68 and a fifty-two week high of $74.07. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. The firm’s 50-day simple moving average is $67.54 and its 200-day simple moving average is $62.92. The company has a market cap of $66.51 billion, a price-to-earnings ratio of 51.52, a PEG ratio of 2.77 and a beta of 1.32.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on CARR shares. Wells Fargo & Company upped their target price on Carrier Global from $66.00 to $73.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. Royal Bank of Canada raised their target price on shares of Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. Robert W. Baird cut their target price on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Baird R W upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Finally, Wolfe Research raised shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.17.

Carrier Global Company 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.