Virtu Financial LLC Purchases New Position in Carrier Global Co. (NYSE:CARR)

Virtu Financial LLC acquired a new position in shares of Carrier Global Co. (NYSE:CARR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,038 shares of the company’s stock, valued at approximately $1,264,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CARR. Nordea Investment Management AB grew its position in shares of Carrier Global by 5.5% during the 1st quarter. Nordea Investment Management AB now owns 822,954 shares of the company’s stock valued at $47,633,000 after acquiring an additional 43,002 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Carrier Global in the fourth quarter valued at $973,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Carrier Global by 50.1% during 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 4th quarter worth approximately $859,000. Finally, United Services Automobile Association raised its holdings in shares of Carrier Global by 9.2% in the 4th quarter. United Services Automobile Association now owns 26,758 shares of the company’s stock valued at $1,537,000 after acquiring an additional 2,244 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Up 0.3 %

Carrier Global stock opened at $78.19 on Thursday. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $79.75. The business has a fifty day moving average of $68.93 and a two-hundred day moving average of $63.69. The firm has a market cap of $70.45 billion, a P/E ratio of 54.68, a P/E/G ratio of 2.94 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.

Carrier Global (NYSE:CARR) last released its quarterly earnings results 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. The business had revenue of $6.70 billion for 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 revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $0.79 EPS. On average, analysts forecast that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Carrier Global

In other news, VP Ajay Agrawal sold 62,382 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Oppenheimer upped their price target on Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Royal Bank of Canada boosted their target price on Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Baird R W upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Morgan Stanley started coverage on Carrier Global in a report on Friday, September 6th. They issued an “equal weight” rating and a $75.00 price objective for the company. Finally, Wells Fargo & Company lifted their target price on shares of Carrier Global from $66.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Friday, September 6th. One investment 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 stock. According to data from MarketBeat, Carrier Global presently has a consensus 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.