Mercer Global Advisors Inc. ADV Buys 7,015 Shares of Carrier Global Co. (NYSE:CARR)

Mercer Global Advisors Inc. ADV increased its stake in Carrier Global Co. (NYSE:CARR) by 8.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,024 shares of the company’s stock after buying an additional 7,015 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Carrier Global were worth $5,618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CARR. Savant Capital LLC increased its position in shares of Carrier Global by 0.5% during the second quarter. Savant Capital LLC now owns 32,408 shares of the company’s stock worth $2,044,000 after acquiring an additional 162 shares during the period. Founders Capital Management LLC increased its holdings in Carrier Global by 3.4% during the 2nd quarter. Founders Capital Management LLC now owns 5,250 shares of the company’s stock worth $331,000 after purchasing an additional 175 shares during the period. Manchester Capital Management LLC raised its position in Carrier Global by 4.3% during the 1st quarter. Manchester Capital Management LLC now owns 4,385 shares of the company’s stock valued at $255,000 after purchasing an additional 180 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Carrier Global by 2.3% in the 1st quarter. Sunbelt Securities Inc. now owns 8,033 shares of the company’s stock worth $467,000 after buying an additional 182 shares during the period. Finally, Checchi Capital Advisers LLC grew its position in shares of Carrier Global by 2.3% during the 1st quarter. Checchi Capital Advisers LLC now owns 8,900 shares of the company’s stock worth $517,000 after buying an additional 197 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Insider Transactions at Carrier Global

In related news, VP Ajay Agrawal sold 62,382 shares of the company’s 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 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 hyperlink. Insiders own 6.95% of the company’s stock.

Carrier Global Stock Performance

Shares of CARR opened at $79.93 on Friday. Carrier Global Co. has a 12 month low of $45.68 and a 12 month high of $81.24. The stock has a fifty day moving average price of $69.49 and a 200-day moving average price of $63.96. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. The firm has a market cap of $72.02 billion, a PE ratio of 55.90, a P/E/G ratio of 2.94 and a beta of 1.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.87 EPS 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 company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.05 billion. During the same period last year, the business posted $0.79 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. Equities research analysts predict that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

CARR has been the subject of several recent research reports. Bank of America lifted their price objective on Carrier Global from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Morgan Stanley started coverage on shares of Carrier Global in a research report on Friday, September 6th. They issued an “equal weight” rating and a $75.00 price target for the company. Wolfe Research raised shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a report on Friday, September 6th. Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Finally, 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.