Sound View Wealth Advisors Group LLC acquired a new stake in Carrier Global (NYSE:CARR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,758 shares of the company’s stock, valued at approximately $217,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CARR. State Board of Administration of Florida Retirement System purchased a new stake in shares of Carrier Global during the second quarter worth about $23,955,000. Virtu Financial LLC purchased a new stake in shares of Carrier Global during the second quarter worth about $736,000. Capital Analysts LLC purchased a new stake in shares of Carrier Global during the second quarter worth about $213,000. Shayne & CO. LLC purchased a new stake in shares of Carrier Global during the second quarter worth about $277,000. Finally, Lipe & Dalton purchased a new stake in shares of Carrier Global during the second quarter worth about $1,081,000. 0.88% of the stock is owned by institutional investors.
Shares of CARR stock traded up $0.48 during mid-day trading on Friday, hitting $29.49. The stock had a trading volume of 17,164 shares, compared to its average volume of 5,558,064. Carrier Global has a fifty-two week low of $11.50 and a fifty-two week high of $30.32. The company has a debt-to-equity ratio of 2.69, a quick ratio of 1.34 and a current ratio of 1.68. The company has a 50-day simple moving average of $26.69.
Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.63 billion. Equities analysts forecast that Carrier Global will post 1.47 earnings per share for the current fiscal year.
A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut shares of Carrier Global from an “overweight” rating to a “neutral” rating and set a $20.00 target price for the company. in a research note on Wednesday, June 10th. Zacks Investment Research lowered shares of Carrier Global from a “buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Cowen restated a “hold” rating and set a $17.00 price target on shares of Carrier Global in a research report on Thursday, May 7th. Morgan Stanley boosted their price target on shares of Carrier Global from $19.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Finally, Atlantic Securities assumed coverage on shares of Carrier Global in a report on Tuesday, May 19th. They issued an “overweight” rating on the stock. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.50.
Carrier Global Company Profile
There is no company description available for Carrier Global Corp.
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