Delta Financial Advisors LLC Has $1.86 Million Holdings in Carrier Global Co. (NYSE:CARR)

Delta Financial Advisors LLC raised its holdings in shares of Carrier Global Co. (NYSE:CARR) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,397 shares of the company’s stock after purchasing an additional 1,682 shares during the period. Delta Financial Advisors LLC’s holdings in Carrier Global were worth $1,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its position in shares of Carrier Global by 76.2% in the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after acquiring an additional 221 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Carrier Global in the 3rd quarter valued at approximately $28,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Carrier Global in the 3rd quarter valued at approximately $30,000. Covestor Ltd raised its position in shares of Carrier Global by 121.2% in the 1st quarter. Covestor Ltd now owns 553 shares of the company’s stock valued at $25,000 after acquiring an additional 303 shares during the period. Finally, Planned Solutions Inc. acquired a new stake in shares of Carrier Global in the 4th quarter valued at approximately $33,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CARR has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Oppenheimer reissued an “outperform” rating and set a $63.00 target price on shares of Carrier Global in a research note on Thursday. Barclays increased their target price on Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Citigroup increased their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, Royal Bank of Canada lowered their target price on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $61.15.

Carrier Global Stock Up 0.0 %

Shares of CARR traded up $0.01 during mid-day trading on Thursday, hitting $54.26. 918,236 shares of the company’s stock were exchanged, compared to its average volume of 4,655,595. The company has a market cap of $48.84 billion, a PE ratio of 34.34, a P/E/G ratio of 2.31 and a beta of 1.39. Carrier Global Co. has a 52 week low of $40.28 and a 52 week high of $60.87. The company has a 50-day simple moving average of $56.45 and a 200 day simple moving average of $54.76. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.73 and a quick ratio of 2.40.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. On average, research analysts forecast that Carrier Global Co. will post 2.82 earnings per share for the current fiscal year.

Insider Transactions at Carrier Global

In other news, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the sale, the vice president now owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the sale, the vice president now owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total value of $19,201,832.24. Following the completion of the sale, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

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.