Financial Perspectives Inc Has $315,000 Position in Carrier Global Co. (NYSE:CARR)

Financial Perspectives Inc grew its position in Carrier Global Co. (NYSE:CARR) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,001 shares of the company’s stock after purchasing an additional 395 shares during the period. Financial Perspectives Inc’s holdings in Carrier Global were worth $315,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Nordea Investment Management AB grew its stake in Carrier Global by 5.5% during the first quarter. Nordea Investment Management AB now owns 822,954 shares of the company’s stock worth $47,633,000 after buying an additional 43,002 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Carrier Global during the 4th quarter worth approximately $973,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Carrier Global by 50.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 390,272 shares of the company’s stock valued at $22,687,000 after purchasing an additional 130,192 shares in the last quarter. GLOBALT Investments LLC GA bought a new position in Carrier Global in the 4th quarter valued at $859,000. Finally, United Services Automobile Association boosted its stake in Carrier Global by 9.2% in the fourth quarter. United Services Automobile Association now owns 26,758 shares of the company’s stock worth $1,537,000 after purchasing an additional 2,244 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Morgan Stanley started coverage on Carrier Global in a research note on Friday, September 6th. They issued an “equal weight” rating and a $75.00 target price for the company. Barclays raised their price objective on shares of Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Bank of America increased their price target on shares of Carrier Global from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday. Wells Fargo & Company lifted their target price on Carrier Global from $66.00 to $73.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Finally, Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $65.00 to $74.00 in a research note on Monday, June 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.73.

Carrier Global Stock Up 1.5 %

Carrier Global stock opened at $76.51 on Monday. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $77.48. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average of $68.05 and a 200-day moving average of $63.28. The stock has a market capitalization of $68.94 billion, a PE ratio of 53.50, a price-to-earnings-growth ratio of 2.94 and a beta of 1.32.

Carrier Global (NYSE:CARR) last released its quarterly 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 firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.05 billion. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 EPS. On average, equities research analysts anticipate that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Insider Activity

In related news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total value of $4,026,758.10. Following the completion of the transaction, the vice president now directly owns 103,066 shares of the company’s stock, valued at $6,652,910.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.95% of the stock is owned by corporate insiders.

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.