Moors & Cabot Inc. Acquires 259 Shares of Carrier Global Co. (NYSE:CARR)

Moors & Cabot Inc. raised its holdings in shares of Carrier Global Co. (NYSE:CARR) by 1.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,370 shares of the company’s stock after acquiring an additional 259 shares during the quarter. Moors & Cabot Inc.’s holdings in Carrier Global were worth $1,663,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CARR. Aveo Capital Partners LLC boosted its holdings in shares of Carrier Global by 3.9% in the 4th quarter. Aveo Capital Partners LLC now owns 5,395 shares of the company’s stock valued at $310,000 after buying an additional 205 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Carrier Global in the 4th quarter valued at approximately $241,000. Level Four Advisory Services LLC boosted its holdings in shares of Carrier Global by 6.6% in the 4th quarter. Level Four Advisory Services LLC now owns 5,061 shares of the company’s stock valued at $291,000 after buying an additional 312 shares during the last quarter. ING Groep NV acquired a new stake in shares of Carrier Global in the 4th quarter valued at approximately $532,000. Finally, Norges Bank acquired a new stake in Carrier Global during the 4th quarter valued at $444,487,000. 91.00% of the stock is owned by institutional investors.

Insider Transactions at Carrier Global

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

Carrier Global Trading Up 1.2 %

CARR stock opened at $78.00 on Wednesday. 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 company’s 50-day simple moving average is $68.64 and its 200 day simple moving average is $63.59. Carrier Global Co. has a 52 week low of $45.68 and a 52 week high of $78.00. The company has a market capitalization of $70.28 billion, a PE ratio of 54.55, a price-to-earnings-growth ratio of 2.94 and a beta of 1.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.87 EPS for the quarter, beating 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 business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.05 billion. During the same period in the prior year, the company posted $0.79 earnings per share. Carrier Global’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carrier Global Co. will post 2.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Oppenheimer increased their price objective on shares of Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Royal Bank of Canada raised their price objective on shares of Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. Barclays upped their target price on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Robert W. Baird reduced their price target on Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Finally, Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Carrier Global 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.