Xponance Inc. Has $7.07 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Xponance Inc. lessened its holdings in Carrier Global Co. (NYSE:CARR) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 112,043 shares of the company’s stock after selling 178 shares during the quarter. Xponance Inc.’s holdings in Carrier Global were worth $7,068,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CARR. Olistico Wealth LLC bought a new position in shares of Carrier Global in the 2nd quarter worth about $25,000. Meeder Asset Management Inc. raised its position in shares of Carrier Global by 675.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock worth $29,000 after acquiring an additional 405 shares in the last quarter. EdgeRock Capital LLC bought a new position in shares of Carrier Global in the 2nd quarter worth about $32,000. United Community Bank bought a new stake in Carrier Global in the 4th quarter valued at about $34,000. Finally, Register Financial Advisors LLC acquired a new position in Carrier Global during the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

CARR stock opened at $80.87 on Tuesday. Carrier Global Co. has a 1 year low of $45.68 and a 1 year high of $81.24. The firm has a 50-day moving average of $69.76 and a 200 day moving average of $64.21. The company has a market cap of $72.86 billion, a P/E ratio of 56.55, a PEG ratio of 2.94 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 earnings per share. On average, sell-side analysts forecast that Carrier Global Co. will post 2.84 EPS for the current year.

Insider Buying and Selling

In other news, VP Ajay Agrawal sold 62,382 shares of Carrier Global stock in a transaction on Thursday, August 8th. The shares were 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 approximately $6,652,910.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.95% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Robert W. Baird dropped their price objective on Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Wells Fargo & Company upped their price target on shares of Carrier Global from $66.00 to $73.00 and gave the stock an “equal weight” rating in a report on Friday, September 6th. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and upped their price target for the stock from $65.00 to $74.00 in a report on Monday, June 24th. 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 target on the stock. Finally, Baird R W raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.