Carrier Global Co. (NYSE:CARR) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lowered its stake in Carrier Global Co. (NYSE:CARR) by 6.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 69,405 shares of the company’s stock after selling 4,414 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Carrier Global were worth $4,378,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in Carrier Global by 5.5% in the 1st quarter. Nordea Investment Management AB now owns 822,954 shares of the company’s stock valued at $47,633,000 after purchasing an additional 43,002 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Carrier Global during the 4th quarter worth $973,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Carrier Global by 50.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 390,272 shares of the company’s stock worth $22,687,000 after acquiring an additional 130,192 shares during the period. GLOBALT Investments LLC GA purchased a new position in shares of Carrier Global during the 4th quarter worth $859,000. Finally, United Services Automobile Association raised its holdings in shares of Carrier Global by 9.2% during the 4th quarter. United Services Automobile Association now owns 26,758 shares of the company’s stock worth $1,537,000 after acquiring an additional 2,244 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Insider Buying and Selling at Carrier Global

In other Carrier Global 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 completion of the sale, the vice president now owns 103,066 shares in the company, valued at $6,652,910.30. The sale was disclosed in a document filed with the SEC, which is available through this link. 6.95% of the stock is owned by company insiders.

Carrier Global Price Performance

Shares of NYSE CARR opened at $78.19 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $79.75. The stock has a 50 day moving average of $68.93 and a two-hundred day moving average of $63.69. The stock has a market cap of $70.45 billion, a P/E ratio of 54.68, a P/E/G ratio of 2.94 and a beta of 1.32.

Carrier Global (NYSE:CARR) last issued 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. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.05 billion. During the same quarter in the previous year, the business earned $0.79 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, research analysts forecast that Carrier Global Co. will post 2.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CARR shares. Robert W. Baird cut their price objective on Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Wolfe Research raised Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Bank of America lifted their target price on Carrier Global from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, September 13th. Wells Fargo & Company lifted 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. Finally, Baird R W raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $71.73.

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.