Stephens Inc. AR trimmed its holdings in Carrier Global Co. (NYSE:CARR – Get Rating) by 10.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,478 shares of the company’s stock after selling 6,022 shares during the quarter. Stephens Inc. AR’s holdings in Carrier Global were worth $2,165,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the company. Daymark Wealth Partners LLC purchased a new stake in Carrier Global during the fourth quarter valued at about $295,000. Mayflower Financial Advisors LLC lifted its stake in Carrier Global by 12.9% during the fourth quarter. Mayflower Financial Advisors LLC now owns 15,029 shares of the company’s stock valued at $620,000 after buying an additional 1,718 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Carrier Global by 6.4% during the fourth quarter. Lindbrook Capital LLC now owns 11,403 shares of the company’s stock valued at $470,000 after buying an additional 690 shares in the last quarter. Aevitas Wealth Management Inc. purchased a new stake in Carrier Global during the fourth quarter valued at about $221,000. Finally, Empirical Finance LLC lifted its stake in Carrier Global by 8.9% during the fourth quarter. Empirical Finance LLC now owns 22,024 shares of the company’s stock valued at $908,000 after buying an additional 1,800 shares in the last quarter. 85.21% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Carrier Global
In other Carrier Global news, VP Kyle Crockett sold 10,433 shares of the 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Carrier Global news, VP Kyle Crockett sold 10,433 shares of the 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Nadia Villeneuve sold 20,538 shares of the stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $45.45, for a total value of $933,452.10. Following the completion of the sale, the vice president now directly owns 48,900 shares of the company’s stock, valued at $2,222,505. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.
Carrier Global Trading Down 0.7 %
Carrier Global (NYSE:CARR – Get Rating) last announced its quarterly earnings results on Tuesday, February 7th. The company reported $0.40 EPS for the quarter, meeting 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 the consensus estimate of $5.07 billion. During the same quarter last year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, research analysts forecast that Carrier Global Co. will post 2.55 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently weighed in on CARR. Barclays dropped their target price on Carrier Global from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, March 22nd. Argus upped their target price on Carrier Global from $50.00 to $52.00 in a report on Tuesday, February 14th. The Goldman Sachs Group upped their target price on Carrier Global from $48.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, December 15th. Oppenheimer began coverage on Carrier Global in a report on Monday, March 27th. They issued an “outperform” rating and a $51.00 target price on the stock. Finally, Morgan Stanley upped their target price on Carrier Global from $49.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.13.
About Carrier Global
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.
Read More
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