Montis Financial LLC Has $267,000 Stock Position in Carrier Global Co. (NYSE:CARR)

Montis Financial LLC lessened its stake in Carrier Global Co. (NYSE:CARR) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,226 shares of the company’s stock after selling 175 shares during the quarter. Montis Financial LLC’s holdings in Carrier Global were worth $267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. raised its stake in Carrier Global by 57.7% in the second quarter. American Century Companies Inc. now owns 94,266 shares of the company’s stock valued at $5,946,000 after buying an additional 34,487 shares during the period. Bahl & Gaynor Inc. increased its holdings in shares of Carrier Global by 0.3% during the 2nd quarter. Bahl & Gaynor Inc. now owns 103,628 shares of the company’s stock worth $6,537,000 after acquiring an additional 265 shares during the last quarter. Hazlett Burt & Watson Inc. raised its stake in Carrier Global by 74.3% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 3,958 shares of the company’s stock valued at $249,000 after acquiring an additional 1,687 shares during the period. HHM Wealth Advisors LLC acquired a new stake in Carrier Global during the 2nd quarter valued at $141,000. Finally, Blue Square Asset Management LLC boosted its position in Carrier Global by 0.9% during the second quarter. Blue Square Asset Management LLC now owns 32,646 shares of the company’s stock worth $2,059,000 after purchasing an additional 292 shares during the period. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Performance

NYSE:CARR opened at $73.67 on Thursday. The company has a market cap of $66.51 billion, a price-to-earnings ratio of 51.52, a PEG ratio of 2.77 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 $74.07. 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 stock has a fifty day moving average price of $67.54 and a 200-day moving average price of $62.92.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.05 billion. During the same quarter in the prior year, the business posted $0.79 earnings per share. Carrier Global’s revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on CARR. 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. Wells Fargo & Company increased their price target on shares of Carrier Global from $66.00 to $73.00 and gave the company an “equal weight” rating in a report on Friday, September 6th. Morgan Stanley assumed coverage on Carrier Global in a report on Friday, September 6th. They set an “equal weight” rating and a $75.00 price objective for the company. Robert W. Baird lowered their target price on Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Finally, Royal Bank of Canada boosted their price target on Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.17.

Insider Buying and Selling

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the business’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 transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.95% of the stock is currently owned by company 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.