Everett Harris & Co. CA Buys 1,300 Shares of Carrier Global Co. (NYSE:CARR)

Everett Harris & Co. CA lifted its holdings in shares of Carrier Global Co. (NYSE:CARR) by 15.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,955 shares of the company’s stock after purchasing an additional 1,300 shares during the quarter. Everett Harris & Co. CA’s holdings in Carrier Global were worth $572,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Covestor Ltd grew its holdings in shares of Carrier Global by 121.2% during the first quarter. Covestor Ltd now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 303 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Carrier Global during the third quarter worth about $28,000. Larson Financial Group LLC grew its holdings in shares of Carrier Global by 76.2% during the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after purchasing an additional 221 shares in the last quarter. VisionPoint Advisory Group LLC purchased a new position in shares of Carrier Global during the third quarter worth about $30,000. Finally, GHP Investment Advisors Inc. grew its holdings in shares of Carrier Global by 205.1% during the third quarter. GHP Investment Advisors Inc. now owns 595 shares of the company’s stock worth $31,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.8 %

Shares of Carrier Global stock traded up $0.46 on Thursday, hitting $58.14. The stock had a trading volume of 2,819,604 shares, compared to its average volume of 4,872,257. The company has a quick ratio of 2.40, a current ratio of 2.73 and a debt-to-equity ratio of 1.58. Carrier Global Co. has a one year low of $40.28 and a one year high of $60.87. The stock has a market cap of $52.33 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 2.41 and a beta of 1.39. The stock’s 50-day simple moving average is $56.13 and its two-hundred day simple moving average is $54.54.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.02. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter last year, the business earned $0.40 earnings per share. The business’s revenue was down .1% on a year-over-year basis. As a group, sell-side analysts predict that Carrier Global Co. will post 2.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CARR shares. Royal Bank of Canada cut their price objective on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Citigroup upped their target price on Carrier Global from $52.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, December 11th. Finally, Wells Fargo & Company cut their target price on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $58.29.

Insider Buying and Selling

In related news, CEO David L. Gitlin sold 354,539 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the firm’s stock in a transaction on 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 transaction, the vice president now owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David L. Gitlin sold 354,539 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were 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 disclosure for this sale can be found here. 6.95% of the stock is currently owned by insiders.

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.