Bay Colony Advisory Group Inc d b a Bay Colony Advisors Purchases New Position in Carrier Global Co. (NYSE:CARR)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Carrier Global Co. (NYSE:CARR) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 3,575 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in Carrier Global by 0.6% in the first quarter. State Street Corp now owns 33,147,448 shares of the company’s stock valued at $1,516,493,000 after purchasing an additional 206,839 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Carrier Global by 712.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,482,866 shares of the company’s stock valued at $799,843,000 after purchasing an additional 15,330,140 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Carrier Global by 2.0% in the first quarter. Geode Capital Management LLC now owns 17,377,066 shares of the company’s stock valued at $793,207,000 after purchasing an additional 342,215 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Carrier Global by 16.0% in the second quarter. Nuveen Asset Management LLC now owns 15,917,718 shares of the company’s stock valued at $791,270,000 after purchasing an additional 2,197,116 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Carrier Global by 18.1% in the fourth quarter. Morgan Stanley now owns 9,414,230 shares of the company’s stock valued at $388,337,000 after buying an additional 1,443,747 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Trading Down 1.3 %

NYSE:CARR opened at $54.76 on Wednesday. The stock has a fifty day moving average price of $56.44 and a two-hundred day moving average price of $54.76. The stock has a market capitalization of $49.29 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 2.40 and a beta of 1.39. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.40 and a current ratio of 2.73. Carrier Global Co. has a 1 year low of $40.28 and a 1 year high of $60.87.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.02. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. Carrier Global’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 earnings per share. As a group, sell-side analysts anticipate that Carrier Global Co. will post 2.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CARR. Barclays boosted their price objective on Carrier Global from $71.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company reduced their price objective on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Royal Bank of Canada reduced their price objective 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. Finally, Citigroup boosted their price objective on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.77.

Insiders Place Their Bets

In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction 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 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction 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 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David L. Gitlin sold 354,539 shares of the company’s stock in a transaction 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 in the company, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. 6.95% of the stock is currently owned by company insiders.

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.