ICW Investment Advisors LLC Trims Position in Carrier Global Co. (NYSE:CARR)

ICW Investment Advisors LLC trimmed its position in Carrier Global Co. (NYSE:CARR) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,033 shares of the company’s stock after selling 245 shares during the quarter. ICW Investment Advisors LLC’s holdings in Carrier Global were worth $948,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CARR. Founders Capital Management LLC boosted its position in shares of Carrier Global by 3.4% during the 2nd quarter. Founders Capital Management LLC now owns 5,250 shares of the company’s stock valued at $331,000 after acquiring an additional 175 shares during the last quarter. Manchester Capital Management LLC raised its position in shares of Carrier Global by 4.3% during the 1st quarter. Manchester Capital Management LLC now owns 4,385 shares of the company’s stock valued at $255,000 after buying an additional 180 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of Carrier Global by 2.3% during the 1st quarter. Sunbelt Securities Inc. now owns 8,033 shares of the company’s stock valued at $467,000 after buying an additional 182 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in shares of Carrier Global by 2.3% during the 1st quarter. Checchi Capital Advisers LLC now owns 8,900 shares of the company’s stock worth $517,000 after acquiring an additional 197 shares during the last quarter. Finally, MONECO Advisors LLC grew its position in Carrier Global by 5.7% in the second quarter. MONECO Advisors LLC now owns 3,707 shares of the company’s stock worth $234,000 after acquiring an additional 199 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Robert W. Baird cut their target price on Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Royal Bank of Canada upped their price objective on shares of Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a research note on Thursday. Oppenheimer lifted their target price on shares of Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Baird R W upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. Finally, Morgan Stanley assumed coverage on Carrier Global in a report on Friday. They issued an “equal weight” rating and a $75.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.38.

Insider Buying and Selling at Carrier Global

In related news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the completion of the sale, the vice president now owns 103,066 shares of the company’s stock, valued at $6,652,910.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.95% of the stock is owned by company insiders.

Carrier Global Stock Up 2.2 %

Carrier Global stock traded up $1.50 on Friday, hitting $70.54. 736,856 shares of the stock traded hands, compared to its average volume of 4,212,867. Carrier Global Co. has a 1 year low of $45.68 and a 1 year high of $73.06. The firm has a market cap of $63.56 billion, a P/E ratio of 48.27, a price-to-earnings-growth ratio of 2.90 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 business’s fifty day simple moving average is $66.85 and its 200 day simple moving average is $62.37.

Carrier Global (NYSE:CARR) last released 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 net margin of 14.27% and a return on equity of 23.68%. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.05 billion. During the same period last year, the business earned $0.79 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts forecast that Carrier Global Co. will post 2.84 earnings per share for the current year.

Carrier Global 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.