Delaney Dennis R Grows Stake in Carrier Global Co. (NYSE:CARR)

Delaney Dennis R increased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 114.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,361 shares of the company’s stock after purchasing an additional 11,381 shares during the period. Delaney Dennis R’s holdings in Carrier Global were worth $1,347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Olistico Wealth LLC purchased a new stake in Carrier Global during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. grew its holdings in shares of Carrier Global by 675.0% during the second quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock valued at $29,000 after buying an additional 405 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in Carrier Global during the 2nd quarter valued at approximately $32,000. United Community Bank purchased a new stake in shares of Carrier Global in the 4th quarter valued at $34,000. Finally, Register Financial Advisors LLC acquired a new stake in shares of Carrier Global in the first quarter worth $34,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.3 %

CARR opened at $78.19 on Thursday. The business has a fifty day simple moving average of $68.93 and a 200-day simple moving average of $63.69. Carrier Global Co. has a 52 week low of $45.68 and a 52 week high of $79.75. 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 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 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 firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 earnings per share. On average, equities analysts expect that Carrier Global Co. will post 2.84 earnings per share for the current year.

Insider Activity at Carrier Global

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the company’s stock in a transaction dated 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 sale, 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 SEC, which is available through the SEC website. 6.95% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on CARR. Wolfe Research raised shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a report on Friday, September 6th. Royal Bank of Canada boosted 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, September 5th. Wells Fargo & Company lifted their price target on Carrier Global from $66.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Friday, September 6th. Robert W. Baird dropped their price target 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. Finally, Barclays increased their price target 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $71.73.

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.