Clarius Group LLC Has $352,000 Position in Carrier Global Co. (NYSE:CARR)

Clarius Group LLC lowered its stake in shares of Carrier Global Co. (NYSE:CARR) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,127 shares of the company’s stock after selling 434 shares during the quarter. Clarius Group LLC’s holdings in Carrier Global were worth $352,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CARR. Meitav Investment House Ltd. raised its position in Carrier Global by 60.1% during the 4th quarter. Meitav Investment House Ltd. now owns 928,050 shares of the company’s stock worth $53,325,000 after purchasing an additional 348,400 shares during the last quarter. Perigon Wealth Management LLC raised its position in Carrier Global by 2.8% during the 4th quarter. Perigon Wealth Management LLC now owns 36,482 shares of the company’s stock worth $2,096,000 after purchasing an additional 985 shares during the last quarter. Kanawha Capital Management LLC raised its position in Carrier Global by 1.1% during the 4th quarter. Kanawha Capital Management LLC now owns 130,953 shares of the company’s stock worth $7,523,000 after purchasing an additional 1,460 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Carrier Global by 21.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 12,847 shares of the company’s stock worth $738,000 after purchasing an additional 2,261 shares during the last quarter. Finally, Sapient Capital LLC bought a new position in Carrier Global during the 4th quarter worth $355,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global 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 completion of 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global 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 completion of 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction that occurred on 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 directly owns 422,808 shares in the company, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

Carrier Global Stock Performance

Shares of CARR opened at $56.84 on Monday. 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 stock has a 50-day moving average of $56.45 and a 200-day moving average of $54.77. The company has a market cap of $51.16 billion, a PE ratio of 35.97, a P/E/G ratio of 2.40 and a beta of 1.39. Carrier Global Co. has a one year low of $40.28 and a one year high of $60.87.

Carrier Global (NYSE:CARR) last released 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. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. On average, equities research analysts predict that Carrier Global Co. will post 2.82 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on CARR shares. Citigroup raised their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Royal Bank of Canada lowered their price objective on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Barclays lifted their price objective on Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Company lowered their price objective on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $60.77.

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.