Carrier Global Co. (NYSE:CARR) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its position in Carrier Global Co. (NYSE:CARR) by 1.2% during the 2nd quarter, Holdings Channel reports. The fund owned 1,005,780 shares of the company’s stock after selling 11,830 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Carrier Global were worth $63,445,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Olistico Wealth LLC acquired a new stake in Carrier Global during the second quarter worth approximately $25,000. Meeder Asset Management Inc. raised its holdings in Carrier Global by 675.0% during the second quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock worth $29,000 after purchasing an additional 405 shares in the last quarter. EdgeRock Capital LLC acquired a new stake in Carrier Global during the second quarter worth approximately $32,000. United Community Bank acquired a new stake in Carrier Global during the fourth quarter worth approximately $34,000. Finally, Register Financial Advisors LLC acquired a new stake in Carrier Global during the first quarter worth approximately $34,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research analyst reports. Baird R W raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Bank of America raised their target price on shares of Carrier Global from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. Wells Fargo & Company raised 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. Barclays raised their target price on shares of Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, June 14th. Finally, Citigroup upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and raised their target price for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.73.

Insiders Place Their Bets

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the business’s stock in a transaction on 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 sale, the vice president now directly owns 103,066 shares in the company, valued at approximately $6,652,910.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.95% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR opened at $79.92 on Friday. The firm’s fifty day moving average price is $69.49 and its 200 day moving average price is $64.02. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $81.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80. The firm has a market cap of $72.01 billion, a price-to-earnings ratio of 55.89, a price-to-earnings-growth ratio of 2.94 and a beta of 1.32.

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. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. Carrier Global’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $0.79 EPS. On average, sell-side analysts expect that Carrier Global Co. will post 2.84 EPS for the current 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.