Carrier Global Co. (NYSE:CARR) Shares Sold by Mascoma Wealth Management LLC

Mascoma Wealth Management LLC cut its stake in Carrier Global Co. (NYSE:CARR) by 40.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 802 shares of the company’s stock after selling 550 shares during the quarter. Mascoma Wealth Management LLC’s holdings in Carrier Global were worth $51,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB lifted its stake in shares of Carrier Global by 5.5% in 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 in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Carrier Global in the fourth quarter valued at approximately $973,000. Versor Investments LP purchased a new position in Carrier Global during the fourth quarter worth approximately $1,132,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Carrier Global by 50.1% during 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 buying an additional 130,192 shares during the last quarter. Finally, GLOBALT Investments LLC GA purchased a new stake in Carrier Global in the 4th quarter valued at $859,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CARR shares. Baird R W raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. Royal Bank of Canada restated an “outperform” rating and set a $72.00 price target on shares of Carrier Global in a report on Friday, July 26th. Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and upped their price objective for the company from $65.00 to $74.00 in a report on Monday, June 24th. Barclays lifted their target price on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Finally, Oppenheimer upped their price target on Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Carrier Global has an average rating of “Hold” and an average price target of $67.08.

Carrier Global Trading Down 1.4 %

Shares of CARR stock opened at $69.09 on Thursday. The stock has a market capitalization of $62.25 billion, a P/E ratio of 48.31, a price-to-earnings-growth ratio of 2.90 and a beta of 1.32. Carrier Global Co. has a fifty-two week low of $45.68 and a fifty-two week high of $73.06. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.80 and a current ratio of 1.08. The company has a 50 day moving average price of $66.74 and a 200 day moving average price of $62.33.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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 business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.05 billion. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm earned $0.79 earnings per share. Equities research analysts predict that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Insider Activity at Carrier Global

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of Carrier Global stock in a transaction dated 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 directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.95% of the stock is currently owned by corporate insiders.

Carrier Global Company 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.