Carrier Global Co. (NYSE:CARR) Shares Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC raised its position in shares of Carrier Global Co. (NYSE:CARR) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,265 shares of the company’s stock after purchasing an additional 348 shares during the period. Fidelis Capital Partners LLC’s holdings in Carrier Global were worth $522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CARR. Aveo Capital Partners LLC increased its position in Carrier Global by 3.9% in the 4th quarter. Aveo Capital Partners LLC now owns 5,395 shares of the company’s stock valued at $310,000 after acquiring an additional 205 shares during the period. Jump Financial LLC bought a new stake in shares of Carrier Global during the fourth quarter valued at about $241,000. Quest Partners LLC bought a new position in Carrier Global in the 4th quarter valued at about $310,000. TCW Group Inc. acquired a new position in Carrier Global during the 4th quarter valued at about $775,000. Finally, Team Hewins LLC bought a new stake in shares of Carrier Global during the 4th quarter worth about $289,000. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CARR. Barclays increased their price objective 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. Wells Fargo & Company lifted their price target 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. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a report on Friday, September 6th. Robert W. Baird decreased their target price on Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Finally, Citigroup upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.73.

Carrier Global Trading Down 0.8 %

Shares of CARR opened at $79.92 on Monday. The business’s 50-day moving average price is $69.49 and its 200 day moving average price is $64.06. 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 stock has a market capitalization of $72.01 billion, a P/E ratio of 55.89, a P/E/G ratio of 2.94 and a beta of 1.32. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $81.24.

Carrier Global (NYSE:CARR) last released 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 business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.05 billion. During the same period last year, the firm posted $0.79 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Analysts expect that Carrier Global Co. will post 2.84 earnings per share for the current year.

Insider Activity

In other news, VP Ajay Agrawal sold 62,382 shares of Carrier Global stock in a transaction 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 transaction, the vice president now owns 103,066 shares in the company, valued at $6,652,910.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.95% of the company’s stock.

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.