B. Riley Wealth Advisors Inc. Has $911,000 Stock Holdings in Carrier Global Co. (NYSE:CARR)

B. Riley Wealth Advisors Inc. lowered its position in shares of Carrier Global Co. (NYSE:CARR) by 64.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,405 shares of the company’s stock after selling 26,024 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Carrier Global were worth $911,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CARR. Olistico Wealth LLC acquired a new stake in shares of Carrier Global during the second quarter worth $25,000. Meeder Asset Management Inc. increased its position in shares of Carrier Global by 675.0% in the second 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 bought a new position in shares of Carrier Global in the second quarter worth $32,000. Register Financial Advisors LLC bought a new position in shares of Carrier Global in the first quarter worth $34,000. Finally, Rise Advisors LLC increased its position in shares of Carrier Global by 3,668.8% in the first quarter. Rise Advisors LLC now owns 603 shares of the company’s stock worth $35,000 after purchasing an additional 587 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Insider Transactions at Carrier Global

In other news, VP Ajay Agrawal sold 62,382 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 103,066 shares of the company’s stock, valued at $6,652,910.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.95% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on CARR shares. Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and lifted their target price for the company from $65.00 to $74.00 in a research report on Monday, June 24th. Bank of America lifted their target price on Carrier Global from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, September 13th. Morgan Stanley started coverage on Carrier Global in a research report on Friday, September 6th. They issued an “equal weight” rating and a $75.00 target price on the stock. Finally, Wells Fargo & Company lifted their target price on Carrier Global from $66.00 to $73.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.82.

Carrier Global Price Performance

Shares of CARR opened at $80.79 on Friday. Carrier Global Co. has a 52-week low of $45.68 and a 52-week high of $81.64. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.80 and a current ratio of 1.08. The business’s 50 day moving average price is $72.10 and its two-hundred day moving average price is $65.53. The firm has a market cap of $72.79 billion, a PE ratio of 56.50, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32.

Carrier Global (NYSE:CARR) last issued its quarterly 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. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. During the same period in the previous year, the firm earned $0.79 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. On average, equities analysts anticipate that Carrier Global Co. will post 2.84 EPS for the current year.

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.