Sei Investments Co. Has $14.29 Million Holdings in Carrier Global Co. (NYSE:CARR)

Sei Investments Co. trimmed its stake in Carrier Global Co. (NYSE:CARR) by 4.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226,516 shares of the company’s stock after selling 11,665 shares during the period. Sei Investments Co.’s holdings in Carrier Global were worth $14,288,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Pacer Advisors Inc. grew its position in shares of Carrier Global by 21.4% in the 2nd quarter. Pacer Advisors Inc. now owns 71,961 shares of the company’s stock valued at $4,539,000 after buying an additional 12,698 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Carrier Global by 0.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 619,433 shares of the company’s stock valued at $39,074,000 after acquiring an additional 1,700 shares during the last quarter. AE Wealth Management LLC increased its position in Carrier Global by 30.6% during the 2nd quarter. AE Wealth Management LLC now owns 9,026 shares of the company’s stock valued at $569,000 after purchasing an additional 2,115 shares during the period. Bridges Investment Management Inc. raised its holdings in Carrier Global by 7.7% during the 2nd quarter. Bridges Investment Management Inc. now owns 23,036 shares of the company’s stock worth $1,453,000 after purchasing an additional 1,640 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. bought a new position in Carrier Global during the 2nd quarter worth approximately $200,000. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Performance

CARR opened at $79.78 on Friday. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $81.64. The company has a market cap of $72.02 billion, a price-to-earnings ratio of 55.79, a PEG ratio of 3.23 and a beta of 1.32. The company’s fifty day moving average price is $70.21 and its two-hundred day moving average price is $64.47. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.79 EPS. On average, analysts expect that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CARR. Robert W. Baird decreased their price objective on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Morgan Stanley began coverage on Carrier Global in a research report on Friday, September 6th. They issued an “equal weight” rating and a $75.00 price objective for the company. Oppenheimer boosted their price target on Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Wolfe Research upgraded shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Finally, 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.73.

Insider Activity

In related news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $64.55, for a total value of $4,026,758.10. Following the completion of the sale, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate 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.