B. Riley Wealth Advisors Inc. Sells 26,024 Shares of Carrier Global Co. (NYSE:CARR)

B. Riley Wealth Advisors Inc. lessened its holdings in Carrier Global Co. (NYSE:CARR) by 64.4% in the second quarter, Holdings Channel reports. The firm owned 14,405 shares of the company’s stock after selling 26,024 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Carrier Global were worth $911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Olistico Wealth LLC purchased a new position in shares of Carrier Global during the 2nd quarter valued at $25,000. Meeder Asset Management Inc. lifted its position in shares of Carrier Global by 675.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock valued at $29,000 after buying an additional 405 shares during the last quarter. EdgeRock Capital LLC purchased a new position in shares of Carrier Global during the 2nd quarter valued at $32,000. Hantz Financial Services Inc. purchased a new position in shares of Carrier Global during the 2nd quarter valued at $35,000. Finally, Family Firm Inc. purchased a new position in shares of Carrier Global during the 2nd quarter valued at $37,000. Institutional investors own 91.00% of the company’s stock.

Insider Activity at Carrier Global

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 transaction of $4,026,758.10. Following the completion of the transaction, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.95% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Bank of America raised their price target on Carrier Global from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Robert W. Baird reduced their price objective on Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Royal Bank of Canada raised their price target on Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. Finally, Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and raised their price target for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.82.

Carrier Global Stock Performance

NYSE CARR opened at $80.79 on Friday. The firm has a market cap of $72.79 billion, a price-to-earnings ratio of 56.50, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average price of $72.10 and a 200-day moving average price of $65.53. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $81.64.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.05 billion. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. During the same quarter in the prior year, the company posted $0.79 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts predict that Carrier Global Co. will post 2.84 EPS 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.