Carrier Global Co. (NYSE:CARR) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc cut its stake in shares of Carrier Global Co. (NYSE:CARR) by 1.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,005,780 shares of the company’s stock after selling 11,830 shares during the period. Ensign Peak Advisors Inc owned about 0.11% of Carrier Global worth $63,445,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Savant Capital LLC raised its position in shares of Carrier Global by 0.5% in the second quarter. Savant Capital LLC now owns 32,408 shares of the company’s stock valued at $2,044,000 after buying an additional 162 shares during the last quarter. Founders Capital Management LLC raised its position in shares of Carrier Global by 3.4% in the second quarter. Founders Capital Management LLC now owns 5,250 shares of the company’s stock valued at $331,000 after buying an additional 175 shares during the last quarter. Manchester Capital Management LLC raised its position in shares of Carrier Global by 4.3% in the first quarter. Manchester Capital Management LLC now owns 4,385 shares of the company’s stock valued at $255,000 after buying an additional 180 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of Carrier Global by 2.3% in the first quarter. Sunbelt Securities Inc. now owns 8,033 shares of the company’s stock valued at $467,000 after buying an additional 182 shares during the last quarter. Finally, Checchi Capital Advisers LLC grew its holdings in shares of Carrier Global by 2.3% in the first quarter. Checchi Capital Advisers LLC now owns 8,900 shares of the company’s stock valued at $517,000 after purchasing an additional 197 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Carrier Global in a report on Friday, September 6th. They issued an “equal weight” rating and a $75.00 price objective for the company. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and upped their price objective for the company from $65.00 to $74.00 in a report on Monday, June 24th. Baird R W raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Wells Fargo & Company upped their price objective on shares of Carrier Global from $66.00 to $73.00 and gave the company an “equal weight” rating in a report on Friday, September 6th. Finally, Oppenheimer upped their price objective on shares of Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, August 16th. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.73.

Insider Activity

In other news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were 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 of the company’s stock, valued at $6,652,910.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.95% of the company’s stock.

Carrier Global Trading Down 0.8 %

Shares of CARR stock opened at $79.92 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80. The firm has a market cap of $72.01 billion, a PE ratio of 55.89, a price-to-earnings-growth ratio of 2.94 and a beta of 1.32. The company has a 50-day moving average of $69.49 and a two-hundred day moving average of $64.02. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $81.24.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, topping 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 analyst estimates of $7.05 billion. During the same quarter last year, the firm posted $0.79 earnings per share. Carrier Global’s revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Carrier Global Co. will post 2.84 EPS for the current 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.