Daymark Wealth Partners LLC Reduces Holdings in Carrier Global Co. (NYSE:CARR)

Daymark Wealth Partners LLC cut its stake in Carrier Global Co. (NYSE:CARR) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,593 shares of the company’s stock after selling 971 shares during the period. Daymark Wealth Partners LLC’s holdings in Carrier Global were worth $5,038,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CARR. Elo Mutual Pension Insurance Co grew its position in shares of Carrier Global by 4.7% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 73,130 shares of the company’s stock worth $4,201,000 after acquiring an additional 3,257 shares during the last quarter. Cullen Capital Management LLC raised its holdings in shares of Carrier Global by 4.6% in the fourth quarter. Cullen Capital Management LLC now owns 5,845 shares of the company’s stock valued at $336,000 after buying an additional 257 shares during the last quarter. LM Advisors LLC acquired a new position in Carrier Global in the 4th quarter valued at about $279,000. Barden Capital Management Inc. lifted its position in Carrier Global by 14.8% during the 4th quarter. Barden Capital Management Inc. now owns 36,876 shares of the company’s stock worth $2,038,000 after acquiring an additional 4,752 shares during the period. Finally, Firsthand Capital Management Inc. purchased a new position in shares of Carrier Global in the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR traded up $0.01 during trading hours on Wednesday, reaching $80.85. 560,483 shares of the stock were exchanged, compared to its average volume of 4,158,713. Carrier Global Co. has a 52 week low of $45.68 and a 52 week high of $81.64. 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 has a market capitalization of $72.85 billion, a P/E ratio of 56.53, a P/E/G ratio of 3.23 and a beta of 1.32. The firm has a 50 day simple moving average of $72.63 and a 200-day simple moving average of $65.94.

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

Insider Buying and Selling at Carrier Global

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $64.55, for a total value of $4,026,758.10. Following the sale, the vice president now directly owns 103,066 shares of the company’s stock, valued at $6,652,910.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.95% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CARR has been the topic of several recent research reports. Morgan Stanley began coverage on shares of Carrier Global in a research note on Friday, September 6th. They issued an “equal weight” rating and a $75.00 price objective on the stock. Robert W. Baird cut their price target on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Wolfe Research upgraded shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Royal Bank of Canada lifted their price target on Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Finally, Oppenheimer raised their price objective on shares of Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and an average target price of $76.80.

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.