Dimensional Fund Advisors LP Grows Stock Position in Carrier Global Co. (NYSE:CARR)

Dimensional Fund Advisors LP boosted its stake in Carrier Global Co. (NYSE:CARR) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,298,990 shares of the company’s stock after acquiring an additional 147,835 shares during the quarter. Dimensional Fund Advisors LP owned about 0.48% of Carrier Global worth $271,202,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Financial Perspectives Inc boosted its holdings in Carrier Global by 8.6% in the 2nd quarter. Financial Perspectives Inc now owns 5,001 shares of the company’s stock worth $315,000 after acquiring an additional 395 shares during the period. Greenwich Wealth Management LLC purchased a new position in shares of Carrier Global during the 2nd quarter valued at approximately $206,000. Nia Impact Advisors LLC boosted its stake in shares of Carrier Global by 4.5% during the 2nd quarter. Nia Impact Advisors LLC now owns 28,951 shares of the company’s stock valued at $1,826,000 after buying an additional 1,250 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Carrier Global during the 2nd quarter valued at approximately $314,000. Finally, Thoroughbred Financial Services LLC purchased a new position in shares of Carrier Global during the 2nd quarter valued at approximately $267,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Insider Activity

In other 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 transaction, the vice president now directly owns 103,066 shares of the company’s stock, valued at $6,652,910.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.95% of the company’s stock.

Analyst Ratings Changes

CARR has been the subject of several research analyst reports. Morgan Stanley initiated coverage on Carrier Global in a research note on Friday, September 6th. They set an “equal weight” rating and a $75.00 target price for the company. Royal Bank of Canada upped their price target on Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Bank of America upped their price target on Carrier Global from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, September 13th. Robert W. Baird dropped their price target on Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Finally, Citigroup raised Carrier Global from a “neutral” rating to a “buy” rating and upped their price target for the company from $65.00 to $74.00 in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.73.

Carrier Global Price Performance

Shares of NYSE CARR opened at $78.00 on Wednesday. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $78.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80. The business’s fifty day moving average price is $68.64 and its two-hundred day moving average price is $63.59. The firm has a market capitalization of $70.28 billion, a PE ratio of 54.55, a P/E/G 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, beating analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $0.79 earnings per share. On average, research analysts expect that Carrier Global Co. will post 2.84 EPS for the current year.

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.