Carrier Global Co. (NYSE:CARR) Shares Sold by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co lowered its position in Carrier Global Co. (NYSE:CARR) by 7.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,166 shares of the company’s stock after selling 1,995 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Carrier Global were worth $1,651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Savant Capital LLC increased its stake in shares of Carrier Global by 0.5% in the second quarter. Savant Capital LLC now owns 32,408 shares of the company’s stock valued at $2,044,000 after purchasing an additional 162 shares during the period. Founders Capital Management LLC boosted its holdings in shares of Carrier Global by 3.4% in the second 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 in the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Carrier Global by 4.3% in the first quarter. Manchester Capital Management LLC now owns 4,385 shares of the company’s stock valued at $255,000 after acquiring an additional 180 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Carrier Global by 2.3% in the first quarter. Sunbelt Securities Inc. now owns 8,033 shares of the company’s stock valued at $467,000 after acquiring an additional 182 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its holdings in shares of Carrier Global by 2.3% in the first quarter. Checchi Capital Advisers LLC now owns 8,900 shares of the company’s stock valued at $517,000 after acquiring an additional 197 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of research reports. Robert W. Baird reduced their target price on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $65.00 to $74.00 in a research note on Monday, June 24th. Baird R W raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Barclays raised their price objective 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. Finally, Wells Fargo & Company raised their price objective on shares of Carrier Global from $66.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.73.

Carrier Global Stock Up 1.2 %

CARR stock opened at $78.00 on Wednesday. Carrier Global Co. has a 12-month low of $45.68 and a 12-month high of $78.00. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. The company has a market cap of $70.28 billion, a price-to-earnings ratio of 54.55, a PEG ratio of 2.94 and a beta of 1.32. The company has a 50 day moving average of $68.64 and a two-hundred day moving average of $63.59.

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, topping analysts’ consensus estimates of $0.85 by $0.02. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.05 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. On average, equities analysts anticipate that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 transaction of $4,026,758.10. Following the transaction, the vice president now owns 103,066 shares in the company, valued at approximately $6,652,910.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.95% of the company’s stock.

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.