Greenhouse Wealth Management LLC Takes Position in Carrier Global Co. (NYSE:CARR)

Greenhouse Wealth Management LLC purchased a new position in shares of Carrier Global Co. (NYSE:CARR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,629 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elo Mutual Pension Insurance Co boosted its position in Carrier Global by 4.7% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 73,130 shares of the company’s stock worth $4,201,000 after purchasing an additional 3,257 shares during the last quarter. Cullen Capital Management LLC raised its position in Carrier Global by 4.6% in the fourth quarter. Cullen Capital Management LLC now owns 5,845 shares of the company’s stock worth $336,000 after acquiring an additional 257 shares during the period. LM Advisors LLC purchased a new position in Carrier Global in the fourth quarter valued at about $279,000. Barden Capital Management Inc. grew its position in shares of Carrier Global by 14.8% during the 4th quarter. Barden Capital Management Inc. now owns 36,876 shares of the company’s stock valued at $2,038,000 after acquiring an additional 4,752 shares during the period. Finally, Firsthand Capital Management Inc. purchased a new stake in shares of Carrier Global during the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

CARR traded down $0.04 on Wednesday, reaching $80.80. The company had a trading volume of 323,584 shares, compared to its average volume of 4,157,498. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.80 and a current ratio of 1.08. Carrier Global Co. has a 52-week low of $45.68 and a 52-week high of $81.64. The company has a market cap of $72.80 billion, a price-to-earnings ratio of 56.53, a P/E/G ratio of 3.23 and a beta of 1.32. The business 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 released its quarterly 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 return on equity of 23.68% and a net margin of 14.27%. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.05 billion. During the same quarter last year, the business posted $0.79 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Carrier Global Co. will post 2.84 EPS for the current year.

Insider Buying and Selling

In related 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 transaction of $4,026,758.10. Following the transaction, the vice president now owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.95% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays raised their target price on Carrier Global from $81.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Wolfe Research upgraded shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Wells Fargo & Company upped their price target on shares of Carrier Global from $73.00 to $82.00 and gave the company an “equal weight” rating in a research note on Monday. Citigroup upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $65.00 to $74.00 in a research note on Monday, June 24th. Finally, Oppenheimer increased their target price on Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average 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.