Benjamin Edwards Inc. Has $352,000 Holdings in Carrier Global Co. (NYSE:CARR)

Benjamin Edwards Inc. decreased its position in shares of Carrier Global Co. (NYSE:CARR) by 81.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,579 shares of the company’s stock after selling 24,651 shares during the period. Benjamin Edwards Inc.’s holdings in Carrier Global were worth $352,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CARR. Aveo Capital Partners LLC boosted its holdings in Carrier Global by 3.9% during the fourth quarter. Aveo Capital Partners LLC now owns 5,395 shares of the company’s stock valued at $310,000 after acquiring an additional 205 shares during the period. Jump Financial LLC bought a new stake in Carrier Global during the fourth quarter valued at about $241,000. Quest Partners LLC bought a new stake in Carrier Global during the fourth quarter valued at about $310,000. TCW Group Inc. acquired a new position in shares of Carrier Global during the fourth quarter valued at about $775,000. Finally, Avantax Planning Partners Inc. raised its position in shares of Carrier Global by 10.3% during the fourth quarter. Avantax Planning Partners Inc. now owns 6,595 shares of the company’s stock valued at $379,000 after buying an additional 614 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Insider Activity at Carrier Global

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the completion of the sale, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.95% of the stock is owned by company insiders.

Carrier Global Stock Performance

NYSE CARR opened at $79.92 on Friday. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $81.24. 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 company has a 50 day moving average of $69.49 and a 200-day moving average of $64.02. The firm has a market cap of $72.01 billion, a price-to-earnings ratio of 55.89, a PEG ratio of 2.94 and a beta of 1.32.

Carrier Global (NYSE:CARR) last posted 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. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 EPS. On average, equities analysts forecast that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CARR shares. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and upped their price objective for the company from $65.00 to $74.00 in a research report on Monday, June 24th. Royal Bank of Canada upped their price objective on shares of Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Wells Fargo & Company upped their price objective on shares of Carrier Global from $66.00 to $73.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. Wolfe Research raised shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Finally, Robert W. Baird dropped their price target on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.73.

Carrier Global 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.