SG Americas Securities LLC Acquires 89,448 Shares of Carrier Global Co. (NYSE:CARR)

SG Americas Securities LLC grew its holdings in shares of Carrier Global Co. (NYSE:CARR) by 55.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 251,226 shares of the company’s stock after acquiring an additional 89,448 shares during the quarter. SG Americas Securities LLC’s holdings in Carrier Global were worth $20,221,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CARR. Czech National Bank lifted its position in Carrier Global by 7.1% in the 3rd quarter. Czech National Bank now owns 171,027 shares of the company’s stock worth $13,766,000 after buying an additional 11,350 shares during the last quarter. Centaurus Financial Inc. bought a new stake in Carrier Global in the 2nd quarter worth approximately $436,000. Heritage Wealth Management Inc. bought a new stake in Carrier Global in the 2nd quarter worth approximately $382,000. Sanctuary Advisors LLC bought a new stake in Carrier Global in the 2nd quarter worth approximately $4,244,000. Finally, Souders Financial Advisors lifted its position in Carrier Global by 1.9% in the 2nd quarter. Souders Financial Advisors now owns 80,590 shares of the company’s stock worth $5,084,000 after buying an additional 1,521 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Baird R W raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Robert W. Baird decreased their price target on Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Bank of America lifted their price target on Carrier Global from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, September 13th. Finally, Citigroup raised Carrier Global from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $74.00 in a research note on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $73.82.

Insider Buying and Selling

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

Carrier Global Trading Up 0.9 %

Shares of CARR traded up $0.75 during mid-day trading on Friday, hitting $80.80. 2,538,631 shares of the company’s stock traded hands, compared to its average volume of 4,194,721. 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 1 year low of $45.68 and a 1 year high of $81.64. The firm has a market capitalization of $72.80 billion, a P/E ratio of 56.50, a PEG ratio of 3.23 and a beta of 1.32. The business’s 50-day moving average price is $72.10 and its 200-day moving average price is $65.53.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.05 billion. During the same period in the previous year, the firm earned $0.79 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

About Carrier Global

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.