Carrier Global Co. (NYSE:CARR) Shares Bought by Brookstone Capital Management

Brookstone Capital Management increased its holdings in Carrier Global Co. (NYSE:CARRFree Report) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,968 shares of the company’s stock after buying an additional 269 shares during the quarter. Brookstone Capital Management’s holdings in Carrier Global were worth $285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CARR. American Century Companies Inc. increased its holdings in Carrier Global by 29.2% in the 1st quarter. American Century Companies Inc. now owns 16,359 shares of the company’s stock worth $750,000 after buying an additional 3,700 shares during the period. Panagora Asset Management Inc. increased its holdings in Carrier Global by 40.1% in the 1st quarter. Panagora Asset Management Inc. now owns 36,481 shares of the company’s stock worth $1,673,000 after buying an additional 10,445 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Carrier Global by 23.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 7,493 shares of the company’s stock worth $343,000 after buying an additional 1,412 shares during the period. Candriam Luxembourg S.C.A. increased its holdings in Carrier Global by 22.7% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 65,241 shares of the company’s stock worth $2,992,000 after buying an additional 12,089 shares during the period. Finally, Baird Financial Group Inc. increased its holdings in Carrier Global by 10.6% in the 1st quarter. Baird Financial Group Inc. now owns 786,543 shares of the company’s stock worth $36,078,000 after buying an additional 75,622 shares during the period. Institutional investors and hedge funds own 91.47% of the company’s stock.

Insider Activity at Carrier Global

In related news, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the transaction, the vice president now directly owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global 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 transaction, the vice president now owns 66,083 shares in the company, valued at approximately $3,553,282.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David L. Gitlin sold 354,539 shares of Carrier Global 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 transaction, the chief executive officer now owns 422,808 shares in the company, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. 6.95% of the stock is owned by corporate insiders.

Carrier Global Trading Up 0.3 %

Shares of NYSE:CARR opened at $57.54 on Wednesday. Carrier Global Co. has a 1 year low of $40.28 and a 1 year high of $60.87. The firm has a market capitalization of $51.79 billion, a price-to-earnings ratio of 36.42, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.73 and a quick ratio of 2.40. The business’s 50 day moving average price is $56.07 and its 200-day moving average price is $54.52.

Carrier Global (NYSE:CARRGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the prior year, the company earned $0.40 EPS. The firm’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts forecast that Carrier Global Co. will post 2.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Get Our Latest Research Report on CARR

Carrier Global Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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