Carrier Global Co. (NYSE:CARR) Shares Acquired by Delta Financial Advisors LLC

Delta Financial Advisors LLC lifted its position in shares of Carrier Global Co. (NYSE:CARR) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,397 shares of the company’s stock after acquiring an additional 1,682 shares during the period. Delta Financial Advisors LLC’s holdings in Carrier Global were worth $1,861,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CARR. Covestor Ltd increased its position in Carrier Global by 121.2% in the first quarter. Covestor Ltd now owns 553 shares of the company’s stock worth $25,000 after buying an additional 303 shares during the period. OFI Invest Asset Management acquired a new stake in Carrier Global in the third quarter worth $28,000. Larson Financial Group LLC increased its position in Carrier Global by 76.2% in the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after buying an additional 221 shares during the period. VisionPoint Advisory Group LLC acquired a new stake in Carrier Global in the third quarter worth $30,000. Finally, GHP Investment Advisors Inc. increased its position in Carrier Global by 205.1% in the third quarter. GHP Investment Advisors Inc. now owns 595 shares of the company’s stock worth $31,000 after buying an additional 400 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

CARR stock traded up $0.01 during trading hours on Thursday, hitting $54.26. 918,236 shares of the stock traded hands, compared to its average volume of 4,655,595. The stock has a 50-day simple moving average of $56.45 and a 200 day simple moving average of $54.76. Carrier Global Co. has a one year low of $40.28 and a one year high of $60.87. The company has a market cap of $48.84 billion, a P/E ratio of 34.34, a P/E/G ratio of 2.31 and a beta of 1.39. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter last year, the company posted $0.40 EPS. Carrier Global’s revenue for the quarter was down .1% on a year-over-year basis. Equities analysts forecast that Carrier Global Co. will post 2.82 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Kevin J. O’connor sold 26,551 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the completion of the sale, the vice president now directly owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO David L. Gitlin sold 354,539 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the transaction, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin J. O’connor sold 26,551 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the transaction, the vice president now directly owns 66,083 shares in the company, valued at $3,553,282.91. The disclosure for this sale can be found here. Corporate insiders own 6.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CARR shares. Barclays increased their target price on Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Oppenheimer reissued an “outperform” rating and set a $63.00 price target on shares of Carrier Global in a report on Thursday. Citigroup raised their price target on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada lowered their price target on Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Finally, Wells Fargo & Company lowered their price target on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $61.15.

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.