AE Wealth Management LLC Buys 2,115 Shares of Carrier Global Co. (NYSE:CARR)

AE Wealth Management LLC grew its stake in shares of Carrier Global Co. (NYSE:CARR) by 30.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,026 shares of the company’s stock after buying an additional 2,115 shares during the quarter. AE Wealth Management LLC’s holdings in Carrier Global were worth $569,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bridges Investment Management Inc. increased its stake in shares of Carrier Global by 7.7% in the second quarter. Bridges Investment Management Inc. now owns 23,036 shares of the company’s stock valued at $1,453,000 after buying an additional 1,640 shares during the period. Godshalk Welsh Capital Management Inc. acquired a new position in Carrier Global in the 2nd quarter valued at approximately $200,000. Ieq Capital LLC lifted its holdings in shares of Carrier Global by 7.0% during the second quarter. Ieq Capital LLC now owns 45,872 shares of the company’s stock worth $2,894,000 after purchasing an additional 2,981 shares during the period. Brighton Jones LLC grew its stake in shares of Carrier Global by 10.4% in the second quarter. Brighton Jones LLC now owns 5,790 shares of the company’s stock worth $365,000 after purchasing an additional 544 shares during the last quarter. Finally, Delaney Dennis R increased its holdings in Carrier Global by 114.0% in the second quarter. Delaney Dennis R now owns 21,361 shares of the company’s stock valued at $1,347,000 after purchasing an additional 11,381 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Carrier Global

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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.95% of the stock is owned by insiders.

Carrier Global Trading Up 0.1 %

Shares of Carrier Global stock opened at $79.78 on Friday. 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 52 week low of $45.68 and a 52 week high of $81.64. The stock has a 50 day moving average price of $70.21 and a two-hundred day moving average price of $64.47. The stock has a market capitalization of $72.02 billion, a PE ratio of 55.71, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced 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 business 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 quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.79 EPS. As a group, equities analysts anticipate that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CARR has been the topic of several recent research reports. Morgan Stanley started coverage on Carrier Global in a report on Friday, September 6th. They set an “equal weight” rating and a $75.00 target price on the stock. Wolfe Research raised shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Bank of America lifted their target price on shares of Carrier Global from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, September 13th. Barclays upped their price target on shares of Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Finally, Royal Bank of Canada increased their price target on Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.73.

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.