XTX Topco Ltd Raises Holdings in Carrier Global Co. (NYSE:CARR)

XTX Topco Ltd boosted its position in Carrier Global Co. (NYSE:CARR) by 27.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,754 shares of the company’s stock after acquiring an additional 4,747 shares during the quarter. XTX Topco Ltd’s holdings in Carrier Global were worth $1,372,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Aveo Capital Partners LLC increased its position in Carrier Global by 3.9% during the 4th quarter. Aveo Capital Partners LLC now owns 5,395 shares of the company’s stock worth $310,000 after purchasing an additional 205 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Carrier Global in the fourth quarter worth $241,000. Coldstream Capital Management Inc. lifted its holdings in shares of Carrier Global by 3.3% during the 4th quarter. Coldstream Capital Management Inc. now owns 8,212 shares of the company’s stock valued at $472,000 after acquiring an additional 264 shares in the last quarter. Quest Partners LLC purchased a new stake in Carrier Global during the 4th quarter worth $310,000. Finally, Ontario Teachers Pension Plan Board boosted its position in Carrier Global by 339.2% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 41,976 shares of the company’s stock worth $2,412,000 after purchasing an additional 32,418 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CARR. Barclays raised their price objective on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Bank of America increased their price objective on shares of 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 shares of Carrier Global in a research note on Friday, September 6th. They set an “equal weight” rating and a $75.00 price objective on the stock. Robert W. Baird decreased their target price on shares of 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, Oppenheimer lifted their price target on shares of Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. One equities 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 issued a strong buy rating to the stock. According to MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.73.

Insider Buying and Selling

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction 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 sale, the vice president now directly owns 103,066 shares of the company’s stock, valued at $6,652,910.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.95% of the stock is currently owned by company insiders.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $79.93 on Friday. The firm has a market cap of $72.02 billion, a PE ratio of 55.90, a price-to-earnings-growth ratio of 2.94 and a beta of 1.32. Carrier Global Co. has a 1 year low of $45.68 and a 1 year high of $81.24. The firm’s 50-day simple moving average is $69.49 and its 200-day simple moving average is $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.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, July 25th. The company reported $0.87 EPS for the quarter, topping 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 last year, the business posted $0.79 EPS. Carrier Global’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts forecast that Carrier Global Co. will post 2.84 earnings per share for the current fiscal 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.