Granite Bay Wealth Management LLC acquired a new stake in Carrier Global Co. (NYSE:CARR – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 45,700 shares of the company’s stock, valued at approximately $2,796,000.
A number of other large investors also recently modified their holdings of CARR. Olistico Wealth LLC bought a new stake in Carrier Global during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. lifted its position in Carrier Global by 675.0% during the second quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock valued at $29,000 after purchasing an additional 405 shares during the last quarter. EdgeRock Capital LLC bought a new stake in Carrier Global during the second quarter valued at approximately $32,000. Register Financial Advisors LLC purchased a new position in shares of Carrier Global during the first quarter worth approximately $34,000. Finally, Rise Advisors LLC raised its stake in shares of Carrier Global by 3,668.8% during the first quarter. Rise Advisors LLC now owns 603 shares of the company’s stock worth $35,000 after acquiring an additional 587 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.
Insider Activity at Carrier Global
In related news, VP Ajay Agrawal sold 62,382 shares of Carrier Global stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total value 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 document filed with the SEC, which is accessible through this hyperlink. 6.95% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on CARR
Carrier Global Stock Down 0.0 %
Shares of NYSE CARR opened at $80.49 on Tuesday. 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 Co. has a 52 week low of $45.68 and a 52 week high of $81.64. The firm’s fifty day moving average is $71.00 and its 200 day moving average is $65.00. The company has a market cap of $72.52 billion, a price-to-earnings ratio of 56.29, a PEG ratio of 3.23 and a beta of 1.32.
Carrier Global (NYSE:CARR – Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 earnings per share. On average, equities research analysts expect that Carrier Global Co. will post 2.84 earnings per share for the current year.
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.
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