Foster & Motley Inc. Has $747,000 Stake in Carrier Global Co. (NYSE:CARR)

Foster & Motley Inc. lessened its position in shares of Carrier Global Co. (NYSE:CARR) by 6.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,837 shares of the company’s stock after selling 784 shares during the period. Foster & Motley Inc.’s holdings in Carrier Global were worth $747,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Olistico Wealth LLC bought a new position in shares of Carrier Global in the 2nd quarter worth about $25,000. EdgeRock Capital LLC acquired a new position in Carrier Global in the second quarter valued at approximately $32,000. United Community Bank bought a new position in shares of Carrier Global during the 4th quarter worth approximately $34,000. Register Financial Advisors LLC acquired a new stake in shares of Carrier Global during the 1st quarter worth approximately $34,000. Finally, Rise Advisors LLC grew its position in shares of Carrier Global by 3,668.8% during the 1st quarter. Rise Advisors LLC now owns 603 shares of the company’s stock worth $35,000 after buying an additional 587 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CARR. Royal Bank of Canada increased their target price on shares of Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Thursday. Robert W. Baird cut their price objective on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Oppenheimer boosted their target price on Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Morgan Stanley started coverage on Carrier Global in a research note on Friday. They set an “equal weight” rating and a $75.00 price target on the stock. Finally, Wells Fargo & Company raised their price objective on Carrier Global from $66.00 to $73.00 and gave the company an “equal weight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.38.

Insider Buying and Selling at Carrier Global

In other news, VP Ajay Agrawal sold 62,382 shares of the business’s stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.95% of the company’s stock.

Carrier Global Trading Up 0.7 %

NYSE CARR opened at $69.53 on Friday. 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 business has a fifty day simple moving average of $66.98 and a 200 day simple moving average of $62.48. Carrier Global Co. has a 12 month low of $45.68 and a 12 month high of $73.06. The firm has a market capitalization of $62.65 billion, a P/E ratio of 48.62, a PEG ratio of 2.90 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, July 25th. The company reported $0.87 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 company had revenue of $6.70 billion during 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 firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts predict that Carrier Global Co. will post 2.84 EPS for the current fiscal 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.