2,915 Shares in Carrier Global Co. (NYSE:CARR) Purchased by Apella Capital LLC

Apella Capital LLC bought a new stake in Carrier Global Co. (NYSE:CARR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,915 shares of the company’s stock, valued at approximately $235,000.

Other hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB boosted its position in Carrier Global by 5.5% in the first quarter. Nordea Investment Management AB now owns 822,954 shares of the company’s stock valued at $47,633,000 after buying an additional 43,002 shares in the last quarter. Frank Rimerman Advisors LLC raised its position in Carrier Global by 54,708.0% in the second quarter. Frank Rimerman Advisors LLC now owns 13,702 shares of the company’s stock valued at $864,000 after purchasing an additional 13,677 shares during the last quarter. Nomura Holdings Inc. bought a new position in Carrier Global in the fourth quarter valued at about $973,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Carrier Global by 50.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 390,272 shares of the company’s stock valued at $22,687,000 after purchasing an additional 130,192 shares in the last quarter. Finally, GLOBALT Investments LLC GA bought a new stake in shares of Carrier Global during the fourth quarter worth about $859,000. 91.00% of the stock is owned by institutional investors.

Insider Buying and Selling at Carrier Global

In other news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction 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 transaction, the vice president now owns 103,066 shares of the company’s stock, valued at $6,652,910.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CARR shares. Bank of America lifted their price target on shares of Carrier Global from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Royal Bank of Canada increased their price target on Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. Robert W. Baird cut 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. Finally, Barclays increased their target price on shares of Carrier Global from $81.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus price target of $73.82.

Carrier Global Stock Performance

CARR stock traded up $0.75 during midday trading on Friday, hitting $80.80. The company’s stock had a trading volume of 2,538,631 shares, compared to its average volume of 4,194,721. The stock has a market cap of $72.80 billion, a price-to-earnings ratio of 56.50, a PEG ratio of 3.23 and a beta of 1.32. 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 stock’s 50-day moving average price is $72.10 and its 200 day moving average price is $65.53. Carrier Global Co. has a 1 year low of $45.68 and a 1 year high of $81.64.

Carrier Global (NYSE:CARR) last released its earnings results 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. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.05 billion. During the same period in the prior year, the firm earned $0.79 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. On average, equities analysts forecast that Carrier Global Co. will post 2.84 EPS for the current year.

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.