Greenwich Wealth Management LLC Invests $206,000 in Carrier Global Co. (NYSE:CARR)

Greenwich Wealth Management LLC acquired a new stake in shares of Carrier Global Co. (NYSE:CARR) during the second quarter, HoldingsChannel reports. The firm acquired 3,262 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nordea Investment Management AB boosted its stake in Carrier Global by 5.5% during the 1st quarter. Nordea Investment Management AB now owns 822,954 shares of the company’s stock valued at $47,633,000 after purchasing an additional 43,002 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Carrier Global during the fourth quarter worth about $973,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Carrier Global by 50.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 390,272 shares of the company’s stock worth $22,687,000 after acquiring an additional 130,192 shares in the last quarter. GLOBALT Investments LLC GA acquired a new stake in Carrier Global in the 4th quarter valued at about $859,000. Finally, United Services Automobile Association lifted its holdings in Carrier Global by 9.2% in the 4th quarter. United Services Automobile Association now owns 26,758 shares of the company’s stock valued at $1,537,000 after acquiring an additional 2,244 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the completion of the sale, the vice president now directly owns 103,066 shares in the company, valued at $6,652,910.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CARR. Citigroup upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $65.00 to $74.00 in a report on Monday, June 24th. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Robert W. Baird decreased their target price on Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Morgan Stanley initiated coverage on Carrier Global in a report on Friday, September 6th. They set an “equal weight” rating and a $75.00 target price for the company. Finally, Bank of America lifted their price target on Carrier Global from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.73.

Carrier Global Trading Up 1.5 %

Shares of NYSE:CARR opened at $76.51 on Monday. The firm has a fifty day moving average of $68.05 and a two-hundred day moving average of $63.28. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. Carrier Global Co. has a 12-month low of $45.68 and a 12-month high of $77.48. The firm has a market capitalization of $68.94 billion, a P/E 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 data on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.05 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities analysts expect that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

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.