Global Wealth Management Investment Advisory Inc. lifted its position in Carrier Global Co. (NYSE:CARR) by 666.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,150 shares of the company’s stock after buying an additional 1,000 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Carrier Global were worth $56,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CARR. Capital International Investors increased its holdings in Carrier Global by 50.3% during the 1st quarter. Capital International Investors now owns 47,362,708 shares of the company’s stock worth $1,999,679,000 after purchasing an additional 15,846,189 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Carrier Global by 221.7% during the 1st quarter. Nuveen Asset Management LLC now owns 11,436,481 shares of the company’s stock worth $482,848,000 after purchasing an additional 7,881,210 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Carrier Global by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,858,897 shares of the company’s stock worth $430,542,000 after purchasing an additional 67,679 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Carrier Global by 7.8% in the first quarter. Dimensional Fund Advisors LP now owns 6,478,619 shares of the company’s stock valued at $273,535,000 after acquiring an additional 470,458 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in Carrier Global by 2.2% during the second quarter. Diamond Hill Capital Management Inc. now owns 5,660,153 shares of the company’s stock valued at $275,083,000 after purchasing an additional 121,282 shares during the last quarter. Institutional investors and hedge funds own 83.70% of the company’s stock.
Shares of NYSE CARR opened at $52.59 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.56 and a quick ratio of 1.23. The stock’s fifty day moving average price is $54.96 and its two-hundred day moving average price is $47.97. Carrier Global Co. has a one year low of $28.79 and a one year high of $58.89. The firm has a market cap of $45.63 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 1.71 and a beta of 0.79.
In other news, VP Ajay Agrawal sold 18,969 shares of the stock in a transaction on Thursday, August 19th. The stock was sold at an average price of $55.13, for a total transaction of $1,045,760.97. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David Appel sold 34,259 shares of the stock in a transaction on Wednesday, August 4th. The stock was sold at an average price of $57.38, for a total value of $1,965,781.42. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
A number of equities research analysts have recently issued reports on CARR shares. Deutsche Bank Aktiengesellschaft upped their price objective on Carrier Global from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. Wolfe Research cut Carrier Global from an “outperform” rating to a “peer perform” rating and upped their price objective for the stock from $58.00 to $61.00 in a research note on Tuesday, September 7th. Barclays upped their price objective on Carrier Global from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday, July 8th. Citigroup started coverage on Carrier Global in a research note on Friday, August 13th. They set a “neutral” rating on the stock. Finally, Credit Suisse Group boosted their target price on Carrier Global from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Friday, July 30th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $54.38.
Carrier Global Profile
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 and cooling needs of residential and commercial customers.
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