Sargent Investment Group LLC Lowers Holdings in Carrier Global Co. (NYSE:CARR)

Sargent Investment Group LLC reduced its stake in shares of Carrier Global Co. (NYSE:CARR) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,014 shares of the company’s stock after selling 3,175 shares during the quarter. Sargent Investment Group LLC’s holdings in Carrier Global were worth $2,587,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Savant Capital LLC grew its position in shares of 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 grew 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 valued at $331,000 after purchasing an additional 175 shares during the period. Manchester Capital Management LLC increased its position in shares of Carrier Global by 4.3% in the first quarter. Manchester Capital Management LLC now owns 4,385 shares of the company’s stock valued at $255,000 after buying an additional 180 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of Carrier Global by 2.3% during the 1st quarter. Sunbelt Securities Inc. now owns 8,033 shares of the company’s stock valued at $467,000 after buying an additional 182 shares in the last quarter. Finally, Checchi Capital Advisers LLC grew its stake in Carrier Global by 2.3% in the 1st quarter. Checchi Capital Advisers LLC now owns 8,900 shares of the company’s stock valued at $517,000 after acquiring an additional 197 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Up 0.8 %

Shares of CARR opened at $77.11 on Tuesday. Carrier Global Co. has a 52-week low of $45.68 and a 52-week 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 stock has a fifty day simple moving average of $68.32 and a two-hundred day simple moving average of $63.43. The company has a market capitalization of $69.48 billion, a PE ratio of 53.92, 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, topping the consensus estimate of $0.85 by $0.02. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. Carrier Global’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $0.79 earnings per share. As a group, equities analysts forecast that Carrier Global Co. will post 2.84 EPS for the current year.

Wall Street Analyst Weigh In

CARR has been the subject of a number of research analyst reports. Oppenheimer upped their price objective on shares of Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Baird R W raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Royal Bank of Canada boosted their price objective on Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and raised their target price for the company from $65.00 to $74.00 in a research report on Monday, June 24th. Finally, Barclays boosted their price target on Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $71.73.

Insider Activity at Carrier Global

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was 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 owns 103,066 shares of the company’s stock, valued at $6,652,910.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.95% of the stock is currently owned by insiders.

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.