Sender Co & Partners Inc. Invests $803,000 in Carrier Global Co. (NYSE:CARR)

Sender Co & Partners Inc. acquired a new stake in Carrier Global Co. (NYSE:CARR) in the second quarter, HoldingsChannel.com reports. The fund acquired 12,732 shares of the company’s stock, valued at approximately $803,000. Carrier Global accounts for 0.9% of Sender Co & Partners Inc.’s portfolio, making the stock its 18th biggest position.

Other hedge funds have also modified their holdings of the company. Aveo Capital Partners LLC lifted its holdings in Carrier Global by 3.9% in the fourth quarter. Aveo Capital Partners LLC now owns 5,395 shares of the company’s stock valued at $310,000 after acquiring an additional 205 shares during the period. Orion Portfolio Solutions LLC increased its holdings in shares of Carrier Global by 46.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 38,216 shares of the company’s stock valued at $2,156,000 after purchasing an additional 12,112 shares in the last quarter. Hilltop Holdings Inc. lifted its stake in shares of Carrier Global by 10.7% in the fourth quarter. Hilltop Holdings Inc. now owns 5,191 shares of the company’s stock valued at $298,000 after purchasing an additional 500 shares during the period. TD Asset Management Inc boosted its holdings in Carrier Global by 10.8% during the fourth quarter. TD Asset Management Inc now owns 324,470 shares of the company’s stock worth $18,641,000 after buying an additional 31,561 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its position in Carrier Global by 17,550.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,177 shares of the company’s stock worth $183,000 after buying an additional 3,159 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CARR shares. Bank of America lifted their price target 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. Royal Bank of Canada lifted their price objective on Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Robert W. Baird lowered their target price on Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Oppenheimer lifted their price target on Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, Morgan Stanley began coverage on shares of Carrier Global in a research note on Friday, September 6th. They issued an “equal weight” rating and a $75.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $71.73.

Insider Buying and Selling at Carrier Global

In other news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the sale, the vice president now owns 103,066 shares in the company, valued at $6,652,910.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.95% of the stock is currently owned by insiders.

Carrier Global Trading Up 0.1 %

Shares of CARR stock opened at $79.78 on Friday. The company has a market capitalization of $72.02 billion, a price-to-earnings ratio of 55.79, a PEG ratio of 3.23 and a beta of 1.32. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $70.47 and a 200 day moving average price of $64.58. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $81.64.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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 net margin of 14.27% and a return on equity of 23.68%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.05 billion. During the same quarter in the previous year, the business posted $0.79 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. Research analysts forecast 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.