Ieq Capital LLC Has $2.89 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Ieq Capital LLC boosted its holdings in shares of Carrier Global Co. (NYSE:CARR) by 7.0% during the second quarter, HoldingsChannel reports. The fund owned 45,872 shares of the company’s stock after purchasing an additional 2,981 shares during the quarter. Ieq Capital LLC’s holdings in Carrier Global were worth $2,894,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Nordea Investment Management AB lifted its stake in shares of Carrier Global by 5.5% in the first quarter. Nordea Investment Management AB now owns 822,954 shares of the company’s stock worth $47,633,000 after acquiring an additional 43,002 shares during the period. Nomura Holdings Inc. bought a new position in Carrier Global during the fourth quarter worth $973,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Carrier Global by 50.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 390,272 shares of the company’s stock valued at $22,687,000 after buying an additional 130,192 shares during the period. GLOBALT Investments LLC GA bought a new stake in Carrier Global during the fourth quarter valued at $859,000. Finally, United Services Automobile Association grew its holdings in Carrier Global by 9.2% during the 4th quarter. United Services Automobile Association now owns 26,758 shares of the company’s stock worth $1,537,000 after acquiring an additional 2,244 shares during the period. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CARR. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Morgan Stanley assumed coverage on shares of Carrier Global in a research report on Friday, September 6th. They set an “equal weight” rating and a $75.00 price objective for the company. Oppenheimer boosted their target price 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. Bank of America raised their price target on shares of Carrier Global from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, September 13th. Finally, Citigroup upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and upped their price objective for the company from $65.00 to $74.00 in a report on Monday, June 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.73.

Insider Transactions at Carrier Global

In related news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.95% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE CARR opened at $79.92 on Friday. 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 firm’s 50-day simple moving average is $69.49 and its 200 day simple moving average is $64.02. The stock has a market cap of $72.01 billion, a price-to-earnings ratio of 55.89, a PEG ratio of 2.94 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 $81.24.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.05 billion. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. Carrier Global’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 earnings per share. As a group, research analysts anticipate 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.