Beese Fulmer Investment Management Inc. Buys 181 Shares of Carrier Global Co. (NYSE:CARR)

Beese Fulmer Investment Management Inc. boosted its stake in shares of Carrier Global Co. (NYSE:CARRFree Report) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,474 shares of the company’s stock after purchasing an additional 181 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Carrier Global were worth $1,119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CARR. Pacific Global Investment Management Co. grew its position in Carrier Global by 12.3% during the 2nd quarter. Pacific Global Investment Management Co. now owns 31,828 shares of the company’s stock worth $1,582,000 after acquiring an additional 3,481 shares during the last quarter. Modera Wealth Management LLC grew its holdings in shares of Carrier Global by 19.4% during the third quarter. Modera Wealth Management LLC now owns 21,099 shares of the company’s stock worth $1,165,000 after purchasing an additional 3,430 shares during the last quarter. Capital World Investors increased its stake in shares of Carrier Global by 11.0% in the second quarter. Capital World Investors now owns 80,757,252 shares of the company’s stock valued at $4,014,427,000 after buying an additional 7,996,941 shares in the last quarter. Natixis Advisors L.P. lifted its position in Carrier Global by 24.3% during the 3rd quarter. Natixis Advisors L.P. now owns 201,904 shares of the company’s stock worth $11,145,000 after buying an additional 39,508 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in Carrier Global by 8.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 66,227 shares of the company’s stock worth $3,656,000 after acquiring an additional 5,119 shares during the last quarter. 91.47% of the stock is owned by institutional investors.

Carrier Global Trading Down 0.5 %

NYSE:CARR opened at $57.05 on Friday. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58. Carrier Global Co. has a 1-year low of $40.28 and a 1-year high of $60.87. The firm has a market capitalization of $51.35 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 2.43 and a beta of 1.39. The business’s 50-day moving average price is $55.84 and its two-hundred day moving average price is $54.51.

Carrier Global (NYSE:CARRGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the prior year, the business posted $0.40 EPS. Carrier Global’s revenue was down .1% on a year-over-year basis. On average, equities analysts expect that Carrier Global Co. will post 2.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CARR shares. Royal Bank of Canada dropped their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Wells Fargo & Company dropped their price objective on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Finally, Citigroup increased their price objective on Carrier Global from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, December 11th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Carrier Global presently has an average rating of “Hold” and a consensus target price of $58.29.

View Our Latest Report on Carrier Global

Insiders Place Their Bets

In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global 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 transaction, the vice president now directly owns 66,083 shares in the company, valued at $3,553,282.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related 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 transaction of $1,427,647.27. Following the completion of the sale, the vice president now directly owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the transaction, the chief executive officer now directly owns 422,808 shares in the company, 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.

About Carrier Global

(Free Report)

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.

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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