Baird Financial Group Inc. Purchases 49,215 Shares of Carrier Global Co. (NYSE:CARR)

Baird Financial Group Inc. increased its position in Carrier Global Co. (NYSE:CARR – Get Rating) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,123,195 shares of the company’s stock after acquiring an additional 49,215 shares during the period. Baird Financial Group Inc. owned about 0.13% of Carrier Global worth $39,941,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Nuveen Asset Management LLC lifted its position in Carrier Global by 3.4% during the third quarter. Nuveen Asset Management LLC now owns 17,108,963 shares of the company’s stock valued at $608,395,000 after purchasing an additional 558,801 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Carrier Global by 8.0% during the third quarter. Dimensional Fund Advisors LP now owns 7,394,883 shares of the company’s stock valued at $262,974,000 after purchasing an additional 550,548 shares in the last quarter. Renaissance Technologies LLC lifted its position in Carrier Global by 25.8% during the second quarter. Renaissance Technologies LLC now owns 6,674,731 shares of the company’s stock valued at $238,021,000 after purchasing an additional 1,367,800 shares in the last quarter. Invesco Ltd. lifted its position in Carrier Global by 59.5% during the first quarter. Invesco Ltd. now owns 4,948,588 shares of the company’s stock valued at $226,992,000 after purchasing an additional 1,845,419 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in Carrier Global by 129.8% during the third quarter. Fisher Asset Management LLC now owns 4,882,359 shares of the company’s stock valued at $173,617,000 after purchasing an additional 2,757,618 shares in the last quarter. Institutional investors own 85.21% of the company’s stock.

Analyst Ratings Changes

CARR has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on Carrier Global from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, January 19th. TheStreet upgraded Carrier Global from a “c+” rating to a “b” rating in a research report on Friday, November 25th. Citigroup boosted their target price on Carrier Global from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, February 9th. Stephens reiterated an “overweight” rating and issued a $55.00 target price on shares of Carrier Global in a research report on Wednesday, February 8th. Finally, The Goldman Sachs Group boosted their target price on Carrier Global from $48.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, December 15th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.86.

Insider Activity

In other news, VP Kyle Crockett sold 10,433 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $45.85, for a total transaction of $478,353.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Nadia Villeneuve sold 20,538 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $45.45, for a total transaction of $933,452.10. Following the transaction, the vice president now owns 48,900 shares of the company’s stock, valued at $2,222,505. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Kyle Crockett sold 10,433 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $45.85, for a total value of $478,353.05. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Carrier Global Trading Up 2.2 %

Shares of NYSE CARR opened at $45.75 on Wednesday. The business’s 50 day moving average is $44.90 and its two-hundred day moving average is $41.84. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.64 and a quick ratio of 1.20. Carrier Global Co. has a 1-year low of $33.10 and a 1-year high of $49.17. The stock has a market capitalization of $38.20 billion, a P/E ratio of 11.16, a PEG ratio of 1.79 and a beta of 1.33.

Carrier Global (NYSE:CARR – Get Rating) last issued its quarterly earnings data on Tuesday, February 7th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. Carrier Global had a return on equity of 26.86% and a net margin of 17.31%. The company had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, research analysts expect that Carrier Global Co. will post 2.55 EPS for the current year.

Carrier Global Profile

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Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.