Cutler Investment Counsel LLC Has $9.37 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Cutler Investment Counsel LLC grew its holdings in Carrier Global Co. (NYSE:CARR) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 162,508 shares of the company’s stock after acquiring an additional 253 shares during the period. Cutler Investment Counsel LLC’s holdings in Carrier Global were worth $9,367,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Covestor Ltd raised its holdings in Carrier Global by 121.2% in the 1st quarter. Covestor Ltd now owns 553 shares of the company’s stock worth $25,000 after acquiring an additional 303 shares during the period. OFI Invest Asset Management acquired a new position in shares of Carrier Global during the 3rd quarter worth about $28,000. Larson Financial Group LLC boosted its stake in Carrier Global by 76.2% during the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after purchasing an additional 221 shares during the period. VisionPoint Advisory Group LLC bought a new position in Carrier Global in the 3rd quarter worth approximately $30,000. Finally, GHP Investment Advisors Inc. increased its position in Carrier Global by 205.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 595 shares of the company’s stock worth $31,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of CARR traded up $0.48 during trading hours on Friday, hitting $53.86. The stock had a trading volume of 1,609,723 shares, compared to its average volume of 4,643,851. The stock has a market capitalization of $48.48 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 2.29 and a beta of 1.39. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.73 and a quick ratio of 2.40. The company’s fifty day moving average is $56.41 and its two-hundred day moving average is $54.75. Carrier Global Co. has a 52 week low of $40.28 and a 52 week high of $60.87.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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 analyst estimates of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.40 earnings per share. On average, analysts anticipate that Carrier Global Co. will post 2.82 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Transactions at Carrier Global

In related news, CEO David L. Gitlin sold 354,539 shares of the business’s 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 transaction, the chief executive officer now owns 422,808 shares in the company, valued at approximately $22,899,281.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Kevin J. O’connor sold 26,551 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the sale, the vice president now owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David L. Gitlin sold 354,539 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the transaction, 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.