Carrier Global Co. (NYSE:CARR) Stock Holdings Boosted by Bridges Investment Management Inc.

Bridges Investment Management Inc. boosted its position in Carrier Global Co. (NYSE:CARR) by 7.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,036 shares of the company’s stock after purchasing an additional 1,640 shares during the quarter. Bridges Investment Management Inc.’s holdings in Carrier Global were worth $1,453,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aveo Capital Partners LLC grew its stake in shares of Carrier Global by 3.9% in the fourth quarter. Aveo Capital Partners LLC now owns 5,395 shares of the company’s stock worth $310,000 after purchasing an additional 205 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Carrier Global during the 4th quarter worth about $241,000. Coldstream Capital Management Inc. lifted its stake in shares of Carrier Global by 3.3% in the 4th quarter. Coldstream Capital Management Inc. now owns 8,212 shares of the company’s stock worth $472,000 after acquiring an additional 264 shares during the period. Quest Partners LLC acquired a new stake in shares of Carrier Global in the 4th quarter worth approximately $310,000. Finally, Ontario Teachers Pension Plan Board boosted its holdings in shares of Carrier Global by 339.2% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 41,976 shares of the company’s stock valued at $2,412,000 after acquiring an additional 32,418 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Carrier Global stock opened at $79.93 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80. The company has a market cap of $72.02 billion, a P/E ratio of 55.90, a price-to-earnings-growth ratio of 2.94 and a beta of 1.32. Carrier Global Co. has a fifty-two week low of $45.68 and a fifty-two week high of $81.24. The firm’s 50 day simple moving average is $69.49 and its 200-day simple moving average is $63.96.

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

Insider Buying and Selling

In other news, VP Ajay Agrawal sold 62,382 shares of the company’s stock in a transaction dated 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 owns 103,066 shares in the company, valued at approximately $6,652,910.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and upped their target price for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. Wolfe Research raised Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Bank of America lifted their target price on Carrier Global from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. 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. Finally, Wells Fargo & Company lifted their price objective on shares of Carrier Global from $66.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.73.

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.