Blair William & Co. IL Has $9.71 Million Position in Carrier Global Co. (NYSE:CARR)

Blair William & Co. IL boosted its stake in Carrier Global Co. (NYSE:CARR) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 153,893 shares of the company’s stock after purchasing an additional 4,135 shares during the quarter. Blair William & Co. IL’s holdings in Carrier Global were worth $9,708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aveo Capital Partners LLC raised its position in shares of Carrier Global by 3.9% during the fourth quarter. Aveo Capital Partners LLC now owns 5,395 shares of the company’s stock worth $310,000 after purchasing an additional 205 shares during the period. Jump Financial LLC acquired a new position in Carrier Global during the fourth quarter worth $241,000. Coldstream Capital Management Inc. raised its holdings in Carrier Global by 3.3% during the fourth quarter. Coldstream Capital Management Inc. now owns 8,212 shares of the company’s stock worth $472,000 after buying an additional 264 shares during the last quarter. Quest Partners LLC bought a new position in shares of Carrier Global in the fourth quarter valued at $310,000. Finally, Ontario Teachers Pension Plan Board grew its holdings in shares of Carrier Global by 339.2% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 41,976 shares of the company’s stock valued at $2,412,000 after buying an additional 32,418 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Insider Buying and Selling at Carrier Global

In other news, VP Ajay Agrawal sold 62,382 shares of the company’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 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 Securities & Exchange Commission, which can be accessed through this link. 6.95% of the stock is owned by corporate insiders.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $79.93 on Friday. Carrier Global Co. has a fifty-two week low of $45.68 and a fifty-two week high of $81.24. The company’s 50-day moving average is $69.49 and its 200 day 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. The company has a market capitalization of $72.02 billion, a P/E ratio of 55.90, a price-to-earnings-growth ratio of 2.94 and a beta of 1.32.

Carrier Global (NYSE:CARR) last released its 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 firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.79 EPS. On average, equities research analysts forecast that Carrier Global Co. will post 2.84 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Baird R W raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. Bank of America raised their target price on Carrier Global from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Robert W. Baird decreased their price target on Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Royal Bank of Canada raised their price objective on Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. Finally, Wolfe Research upgraded shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and an average target price of $71.73.

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.