Carrier Global Co. (NYSE:CARR) Shares Acquired by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. lifted its position in shares of Carrier Global Co. (NYSE:CARR) by 47.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,366 shares of the company’s stock after buying an additional 6,204 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Carrier Global were worth $963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in CARR. Northwest Investment Counselors LLC boosted its position in shares of Carrier Global by 0.5% during the 2nd quarter. Northwest Investment Counselors LLC now owns 91,305 shares of the company’s stock worth $4,539,000 after purchasing an additional 441 shares during the period. Brookstone Capital Management purchased a new position in shares of Carrier Global during the 2nd quarter worth approximately $212,000. Czech National Bank boosted its position in shares of Carrier Global by 0.6% during the 2nd quarter. Czech National Bank now owns 98,828 shares of the company’s stock worth $4,913,000 after purchasing an additional 556 shares during the period. Professional Advisory Services Inc. boosted its position in shares of Carrier Global by 3.8% during the 2nd quarter. Professional Advisory Services Inc. now owns 385,400 shares of the company’s stock worth $19,158,000 after purchasing an additional 14,091 shares during the period. Finally, AE Wealth Management LLC boosted its position in shares of Carrier Global by 77.7% during the 2nd quarter. AE Wealth Management LLC now owns 40,191 shares of the company’s stock worth $1,998,000 after purchasing an additional 17,577 shares during the period. Institutional investors and hedge funds own 91.47% of the company’s stock.

Insider Buying and Selling

In other Carrier Global news, insider Jurgen Timperman sold 164,450 shares of Carrier Global stock in a transaction on Monday, July 31st. The shares were sold at an average price of $59.25, for a total value of $9,743,662.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Carrier Global news, VP Kyle Crockett sold 6,817 shares of Carrier Global stock in a transaction on Monday, July 31st. The shares were sold at an average price of $59.22, for a total value of $403,702.74. Following the transaction, the vice president now directly owns 42 shares in the company, valued at $2,487.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jurgen Timperman sold 164,450 shares of Carrier Global stock in a transaction on Monday, July 31st. The shares were sold at an average price of $59.25, for a total transaction of $9,743,662.50. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

Carrier Global Stock Down 0.5 %

NYSE:CARR traded down $0.30 during midday trading on Friday, hitting $54.46. 6,098,881 shares of the company were exchanged, compared to its average volume of 5,127,140. The company has a fifty day simple moving average of $55.75 and a 200 day simple moving average of $48.51. Carrier Global Co. has a fifty-two week low of $33.10 and a fifty-two week high of $60.04. The company has a current ratio of 1.63, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $45.62 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.76 by $0.03. Carrier Global had a net margin of 9.87% and a return on equity of 25.42%. The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period last year, the business earned $0.69 EPS. Carrier Global’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, equities analysts anticipate that Carrier Global Co. will post 2.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on CARR shares. Bank of America raised their price target on shares of Carrier Global from $51.00 to $58.00 in a research report on Friday, July 14th. Royal Bank of Canada raised their price target on shares of Carrier Global from $54.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Barclays raised their price target on shares of Carrier Global from $54.00 to $63.00 in a research report on Friday, July 28th. TD Cowen raised their price target on shares of Carrier Global from $54.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. Finally, Wells Fargo & Company raised their price target on shares of Carrier Global from $45.00 to $50.00 in a research report on Monday, July 10th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and an average target price of $55.41.

Carrier Global Company Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.