Virtu Financial LLC Makes New $1.26 Million Investment in Carrier Global Co. (NYSE:CARR)

Virtu Financial LLC acquired a new position in shares of Carrier Global Co. (NYSE:CARR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,038 shares of the company’s stock, valued at approximately $1,264,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Olistico Wealth LLC acquired a new stake in Carrier Global during the second quarter worth approximately $25,000. Meeder Asset Management Inc. raised its holdings 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 purchasing an additional 405 shares during the period. EdgeRock Capital LLC acquired a new position in Carrier Global during the second quarter valued at approximately $32,000. United Community Bank purchased a new stake in Carrier Global during the 4th quarter worth $34,000. Finally, Register Financial Advisors LLC purchased a new stake in shares of Carrier Global during the 1st quarter valued at about $34,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Carrier Global

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction dated 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 directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 6.95% of the company’s stock.

Carrier Global Trading Up 0.3 %

NYSE:CARR opened at $78.19 on Thursday. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $79.75. The business has a 50 day moving average price of $68.93 and a two-hundred day moving average price of $63.69. The company has a market cap of $70.45 billion, a P/E ratio of 54.68, a price-to-earnings-growth ratio of 2.94 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.

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

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of recent analyst reports. Wolfe Research raised Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Royal Bank of Canada upped their target price on Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Thursday, September 5th. 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 report on Friday, September 6th. Morgan Stanley assumed coverage on shares of Carrier Global in a research report on Friday, September 6th. They issued an “equal weight” rating and a $75.00 target price for the company. Finally, 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.