Carrier Global Co. (NYSE:CARR) Shares Sold by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co cut its holdings in Carrier Global Co. (NYSE:CARR) by 7.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 26,166 shares of the company’s stock after selling 1,995 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Carrier Global were worth $1,651,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CARR. L & S Advisors Inc acquired a new stake in shares of Carrier Global during the 2nd quarter worth $2,903,000. Clearstead Trust LLC increased its holdings in shares of Carrier Global by 3.9% during the 2nd quarter. Clearstead Trust LLC now owns 5,499 shares of the company’s stock worth $347,000 after buying an additional 205 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Carrier Global during the 2nd quarter worth $1,264,000. Moors & Cabot Inc. increased its holdings in shares of Carrier Global by 1.0% during the 2nd quarter. Moors & Cabot Inc. now owns 26,370 shares of the company’s stock worth $1,663,000 after buying an additional 259 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of Carrier Global by 33.8% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 15,007 shares of the company’s stock worth $947,000 after buying an additional 3,791 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CARR. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a report on Friday, September 6th. Oppenheimer upped their price target 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. Robert W. Baird decreased their price target on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and upped their price target for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. Finally, Bank of America upped their price target on shares of Carrier Global from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $71.73.

Insider Transactions at Carrier Global

In related news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction dated 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 sale, the vice president now 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 available through this hyperlink. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Stock Performance

Shares of CARR stock opened at $78.00 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.80 and a current ratio of 1.08. Carrier Global Co. has a one year low of $45.68 and a one year high of $78.00. The company’s 50-day simple moving average is $68.64 and its 200-day simple moving average is $63.59. The stock has a market capitalization of $70.28 billion, a price-to-earnings ratio of 54.55, a PEG ratio of 2.94 and a beta of 1.32.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.87 EPS 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 for the quarter, compared to analysts’ expectations of $7.05 billion. During the same quarter last year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts anticipate that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

Carrier Global 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.