Raub Brock Capital Management LP Sells 13,336 Shares of Carrier Global Co. (NYSE:CARR)

Raub Brock Capital Management LP decreased its holdings in Carrier Global Co. (NYSE:CARR) by 4.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 299,933 shares of the company’s stock after selling 13,336 shares during the quarter. Carrier Global accounts for approximately 4.1% of Raub Brock Capital Management LP’s holdings, making the stock its 7th biggest holding. Raub Brock Capital Management LP’s holdings in Carrier Global were worth $18,920,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

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 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 SEC, which is accessible through this hyperlink. Company insiders own 6.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CARR. Bank of America raised shares of Carrier Global from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $55.00 to $72.00 in a report on Monday, July 29th. Robert W. Baird cut their price objective on Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Oppenheimer lifted their price target on Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $65.00 to $74.00 in a report on Monday, June 24th. Finally, Barclays boosted their target price on shares of Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, June 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.38.

Carrier Global Trading Up 0.6 %

NYSE CARR traded up $0.44 during trading hours on Friday, hitting $69.48. The company’s stock had a trading volume of 4,182,643 shares, compared to its average volume of 4,234,270. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $73.06. The firm has a market capitalization of $62.60 billion, a P/E ratio of 48.59, a PEG ratio of 2.90 and a beta of 1.32. 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 fifty day moving average of $66.98 and a 200 day moving average of $62.54.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.87 earnings per share 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 for the quarter, compared to the consensus estimate of $7.05 billion. During the same quarter in the prior year, the business posted $0.79 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. Equities research analysts forecast that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

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.