Carrier Global Co. (NYSE:CARR) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in shares of Carrier Global Co. (NYSE:CARR) by 84.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,249 shares of the company’s stock after purchasing an additional 7,889 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Carrier Global were worth $991,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in Carrier Global by 0.6% during the first quarter. State Street Corp now owns 33,147,448 shares of the company’s stock worth $1,516,493,000 after purchasing an additional 206,839 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Carrier Global by 712.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,482,866 shares of the company’s stock worth $799,843,000 after purchasing an additional 15,330,140 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Carrier Global by 2.0% in the first quarter. Geode Capital Management LLC now owns 17,377,066 shares of the company’s stock worth $793,207,000 after acquiring an additional 342,215 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Carrier Global by 16.0% in the second quarter. Nuveen Asset Management LLC now owns 15,917,718 shares of the company’s stock worth $791,270,000 after acquiring an additional 2,197,116 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of Carrier Global by 18.1% in the fourth quarter. Morgan Stanley now owns 9,414,230 shares of the company’s stock worth $388,337,000 after acquiring an additional 1,443,747 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

CARR stock opened at $56.84 on Monday. The stock has a 50-day moving average price of $56.45 and a two-hundred day moving average price of $54.77. Carrier Global Co. has a 12-month low of $40.28 and a 12-month high of $60.87. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58. The company has a market cap of $51.16 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 2.40 and a beta of 1.39.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business earned $0.40 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts predict that Carrier Global Co. will post 2.82 EPS for the current year.

Insiders Place Their Bets

In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the transaction, the chief executive officer now owns 422,808 shares in the company, valued at $22,899,281.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the business’s stock in a transaction dated 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 $3,553,282.91. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction dated 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 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 currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CARR. Citigroup boosted their price target on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company cut their price target on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Royal Bank of Canada cut their price target on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Finally, Barclays boosted their price target on Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $60.77.

Carrier Global Company 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.