Carrier Global Co. (NYSE:CARR) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lessened its stake in Carrier Global Co. (NYSE:CARR) by 4.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,024 shares of the company’s stock after selling 7,928 shares during the period. Cetera Investment Advisers’ holdings in Carrier Global were worth $9,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Granite Bay Wealth Management LLC acquired a new stake in shares of Carrier Global in the second quarter valued at approximately $2,796,000. Ted Buchan & Co purchased a new stake in Carrier Global in the 2nd quarter valued at $320,000. Truist Financial Corp boosted its stake in Carrier Global by 1.8% during the 2nd quarter. Truist Financial Corp now owns 135,742 shares of the company’s stock worth $8,563,000 after purchasing an additional 2,432 shares during the period. EP Wealth Advisors LLC grew its position in Carrier Global by 29.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 14,589 shares of the company’s stock worth $920,000 after purchasing an additional 3,344 shares during the last quarter. Finally, Gateway Wealth Partners LLC acquired a new position in Carrier Global in the second quarter valued at $203,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Insider Buying and Selling

In other Carrier Global 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 sale, the vice president now owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.95% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CARR shares. Oppenheimer increased their target price on shares of Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wolfe Research raised Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Barclays boosted their target price on Carrier Global from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday. Robert W. Baird decreased their price target on Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Finally, Royal Bank of Canada lifted 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. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.82.

Carrier Global Stock Performance

NYSE:CARR opened at $80.80 on Friday. The firm’s fifty day simple moving average is $72.10 and its 200-day simple moving average is $65.58. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. The stock has a market cap of $72.80 billion, a PE ratio of 56.50, a price-to-earnings-growth ratio of 3.23 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 $81.64.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts expect that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

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.