Mutual of America Capital Management LLC Sells 3,860 Shares of Carrier Global Co. (NYSE:CARR)

Mutual of America Capital Management LLC reduced its stake in Carrier Global Co. (NYSE:CARR) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,715 shares of the company’s stock after selling 3,860 shares during the period. Mutual of America Capital Management LLC’s holdings in Carrier Global were worth $6,669,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CARR. Nordea Investment Management AB grew 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 period. Nomura Holdings Inc. bought a new stake in Carrier Global in the fourth quarter valued at approximately $973,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings 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 worth $22,687,000 after purchasing an additional 130,192 shares during the period. GLOBALT Investments LLC GA bought a new position in shares of Carrier Global during the fourth quarter worth $859,000. Finally, United Services Automobile Association grew its holdings in shares of Carrier Global by 9.2% in the 4th quarter. United Services Automobile Association now owns 26,758 shares of the company’s stock valued at $1,537,000 after buying an additional 2,244 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of CARR stock opened at $80.57 on Friday. The firm has a market cap of $72.59 billion, a PE ratio of 56.34, a P/E/G ratio of 2.94 and a beta of 1.32. Carrier Global Co. has a 12 month low of $45.68 and a 12 month high of $81.24. The company’s fifty day simple moving average is $69.21 and its 200-day simple moving average is $63.81. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 EPS. Equities research analysts expect that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Analysts Set New Price Targets

CARR has been the topic of several research analyst reports. Wolfe Research raised Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Wells Fargo & Company raised their price target on Carrier Global from $66.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Friday, September 6th. Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. Robert W. Baird dropped 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. Finally, Barclays upped their price target on shares of Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $71.73.

Insider Buying and Selling at Carrier Global

In other news, VP Ajay Agrawal sold 62,382 shares of the company’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 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 at the SEC website. Corporate insiders own 6.95% of the company’s stock.

Carrier Global 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.