Carrier Global Co. (NYSE:CARR) Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. cut its stake in Carrier Global Co. (NYSE:CARR) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,085 shares of the company’s stock after selling 799 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Carrier Global were worth $826,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CARR. Aveo Capital Partners LLC lifted its holdings in Carrier Global by 3.9% in the fourth quarter. Aveo Capital Partners LLC now owns 5,395 shares of the company’s stock valued at $310,000 after acquiring an additional 205 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at $241,000. Level Four Advisory Services LLC lifted its stake in shares of Carrier Global by 6.6% in the 4th quarter. Level Four Advisory Services LLC now owns 5,061 shares of the company’s stock valued at $291,000 after purchasing an additional 312 shares during the last quarter. ING Groep NV purchased a new position in shares of Carrier Global during the 4th quarter worth $532,000. Finally, Norges Bank acquired a new stake in shares of Carrier Global during the 4th quarter worth about $444,487,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.8 %

NYSE:CARR opened at $77.11 on Tuesday. Carrier Global Co. has a 12-month low of $45.68 and a 12-month high of $77.48. The firm has a market cap of $69.48 billion, a PE ratio of 53.92, a price-to-earnings-growth ratio of 2.94 and a beta of 1.32. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. The stock has a fifty day moving average price of $68.32 and a 200 day moving average price of $63.43.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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 business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.05 billion. During the same quarter last year, the business posted $0.79 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Sell-side analysts anticipate that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Carrier Global

In other news, VP Ajay Agrawal sold 62,382 shares of the firm’s 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 directly owns 103,066 shares in the company, valued at approximately $6,652,910.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Robert W. Baird lowered their target price on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. Oppenheimer lifted their target price on shares of Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Finally, Royal Bank of Canada lifted 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.73.

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.