Clearstead Trust LLC Purchases 205 Shares of Carrier Global Co. (NYSE:CARR)

Clearstead Trust LLC boosted its position in Carrier Global Co. (NYSE:CARR) by 3.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,499 shares of the company’s stock after purchasing an additional 205 shares during the period. Clearstead Trust LLC’s holdings in Carrier Global were worth $347,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Savant Capital LLC lifted its position in Carrier Global by 0.5% during the 2nd quarter. Savant Capital LLC now owns 32,408 shares of the company’s stock valued at $2,044,000 after acquiring an additional 162 shares during the period. Founders Capital Management LLC raised its holdings in Carrier Global by 3.4% in the second quarter. Founders Capital Management LLC now owns 5,250 shares of the company’s stock worth $331,000 after buying an additional 175 shares during the last quarter. Manchester Capital Management LLC raised its holdings in Carrier Global by 4.3% in the first quarter. Manchester Capital Management LLC now owns 4,385 shares of the company’s stock worth $255,000 after buying an additional 180 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in Carrier Global by 2.3% in the first quarter. Sunbelt Securities Inc. now owns 8,033 shares of the company’s stock worth $467,000 after buying an additional 182 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its holdings in Carrier Global by 2.3% in the first quarter. Checchi Capital Advisers LLC now owns 8,900 shares of the company’s stock worth $517,000 after buying an additional 197 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Up 0.8 %

CARR opened at $77.11 on Tuesday. The firm has a 50 day moving average price of $68.32 and a 200-day moving average price of $63.43. 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 stock has a market capitalization of $69.48 billion, a price-to-earnings ratio of 53.92, a PEG ratio of 2.94 and a beta of 1.32. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $77.48.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $6.70 billion during 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 quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 earnings per share. Equities research analysts forecast that Carrier Global Co. will post 2.84 earnings per share for the current year.

Insider Activity at Carrier Global

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $6,652,910.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CARR has been the subject of several recent analyst reports. Bank of America lifted their target price on shares of Carrier Global from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday. Baird R W raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Morgan Stanley initiated coverage on shares of Carrier Global in a report on Friday, September 6th. They issued an “equal weight” rating and a $75.00 target price for the company. Wells Fargo & Company lifted their target price on shares of Carrier Global from $66.00 to $73.00 and gave the stock an “equal weight” rating in a report on Friday, September 6th. Finally, 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 report on Friday, July 26th. One 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.73.

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.