Carrier Global Co. (NYSE:CARR) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV boosted its stake in shares of Carrier Global Co. (NYSE:CARR) by 8.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 89,024 shares of the company’s stock after purchasing an additional 7,015 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Carrier Global were worth $5,618,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CARR. Savant Capital LLC grew its holdings in Carrier Global by 0.5% during the second quarter. Savant Capital LLC now owns 32,408 shares of the company’s stock worth $2,044,000 after acquiring an additional 162 shares during the period. Founders Capital Management LLC lifted its holdings in Carrier Global by 3.4% in the second quarter. Founders Capital Management LLC now owns 5,250 shares of the company’s stock valued at $331,000 after acquiring an additional 175 shares during the period. Manchester Capital Management LLC boosted its position in Carrier Global by 4.3% in 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. grew its stake in shares of Carrier Global by 2.3% during the 1st quarter. Sunbelt Securities Inc. now owns 8,033 shares of the company’s stock worth $467,000 after purchasing an additional 182 shares during the period. Finally, Checchi Capital Advisers LLC increased its holdings in shares of Carrier Global by 2.3% during the 1st quarter. Checchi Capital Advisers LLC now owns 8,900 shares of the company’s stock valued at $517,000 after purchasing an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 0.8 %

Shares of CARR opened at $79.93 on Friday. The stock has a 50 day moving average price of $69.49 and a 200 day moving average price of $63.96. 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 stock has a market capitalization of $72.02 billion, a price-to-earnings ratio of 55.90, a PEG ratio of 2.94 and a beta of 1.32. Carrier Global Co. has a one year low of $45.68 and a one year high of $81.24.

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

Insiders Place Their Bets

In related news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 103,066 shares of the company’s stock, valued at $6,652,910.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 6.95% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CARR shares. Wells Fargo & Company increased their price target on shares of Carrier Global from $66.00 to $73.00 and gave the stock an “equal weight” rating in a report on Friday, September 6th. Robert W. Baird cut 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. Oppenheimer raised their price objective on Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Bank of America boosted their price objective on Carrier Global from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, September 13th. Finally, Morgan Stanley began coverage on Carrier Global in a research report on Friday, September 6th. They set an “equal weight” rating and a $75.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.73.

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.