Carrier Global Co. (NYSE:CARR) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC decreased its position in Carrier Global Co. (NYSE:CARR) by 7.2% during the second quarter, Holdings Channel reports. The firm owned 41,014 shares of the company’s stock after selling 3,175 shares during the quarter. Sargent Investment Group LLC’s holdings in Carrier Global were worth $2,587,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CARR. Olistico Wealth LLC purchased a new position in shares of Carrier Global in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. boosted its position in Carrier Global by 675.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock valued at $29,000 after buying an additional 405 shares during the period. EdgeRock Capital LLC acquired a new position in shares of Carrier Global in the second quarter worth $32,000. Hantz Financial Services Inc. purchased a new stake in shares of Carrier Global during the second quarter worth $35,000. Finally, Family Firm Inc. acquired a new stake in shares of Carrier Global in the second quarter valued at $37,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Baird R W raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Morgan Stanley began coverage on shares of Carrier Global in a research note on Friday, September 6th. They set an “equal weight” rating and a $75.00 target price on the stock. Barclays lifted their price target on shares of Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, June 14th. Oppenheimer increased their price objective on shares of Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Robert W. Baird decreased their price objective on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $71.73.

Insider Buying and Selling at Carrier Global

In other 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 transaction, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.95% of the stock is owned by company insiders.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $77.11 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80. Carrier Global Co. has a 12 month low of $45.68 and a 12 month high of $77.48. The firm has a market capitalization of $69.48 billion, a P/E ratio of 53.92, a P/E/G ratio of 2.94 and a beta of 1.32. The company’s fifty day moving average price is $68.32 and its 200 day moving average price is $63.43.

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