ICW Investment Advisors LLC Sells 245 Shares of Carrier Global Co. (NYSE:CARR)

ICW Investment Advisors LLC decreased its position in Carrier Global Co. (NYSE:CARR) by 1.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,033 shares of the company’s stock after selling 245 shares during the quarter. ICW Investment Advisors LLC’s holdings in Carrier Global were worth $948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Carrier Global by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 94,289,980 shares of the company’s stock valued at $5,481,077,000 after acquiring an additional 466,829 shares during the period. Capital Research Global Investors grew its holdings in Carrier Global by 3.3% during the fourth quarter. Capital Research Global Investors now owns 92,829,907 shares of the company’s stock valued at $5,333,084,000 after purchasing an additional 2,961,923 shares during the period. Capital International Investors grew its holdings in Carrier Global by 4.6% during the first quarter. Capital International Investors now owns 84,827,130 shares of the company’s stock valued at $4,931,001,000 after purchasing an additional 3,763,666 shares during the period. JPMorgan Chase & Co. increased its position in Carrier Global by 280.1% in the first quarter. JPMorgan Chase & Co. now owns 23,098,687 shares of the company’s stock worth $1,342,727,000 after buying an additional 17,021,768 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Carrier Global by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 13,307,231 shares of the company’s stock worth $764,500,000 after buying an additional 310,453 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

NYSE CARR traded up $1.50 during trading on Friday, hitting $70.54. 736,856 shares of the stock traded hands, compared to its average volume of 4,212,867. 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 $73.06. The firm has a 50-day simple moving average of $66.85 and a 200-day simple moving average of $62.37. The company has a market capitalization of $63.56 billion, a P/E ratio of 48.27, a price-to-earnings-growth ratio of 2.90 and a beta of 1.32.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The firm 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%. Carrier Global’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.79 earnings per share. As a group, analysts predict that Carrier Global Co. will post 2.84 EPS for the current year.

Insider Transactions 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 stock was sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the sale, the vice president now directly owns 103,066 shares in the company, valued at $6,652,910.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 6.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CARR. Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Wells Fargo & Company increased their price objective on shares of Carrier Global from $66.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Friday. Wolfe Research upgraded shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday. Morgan Stanley started coverage on Carrier Global in a research note on Friday. They issued an “equal weight” rating and a $75.00 price target for the company. Finally, Royal Bank of Canada raised their price target on Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $69.38.

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.