Sterling Financial Planning Inc. Takes $287,000 Position in Carrier Global Co. (NYSE:CARR)

Sterling Financial Planning Inc. purchased a new stake in Carrier Global Co. (NYSE:CARR) in the fourth quarter, HoldingsChannel reports. The firm purchased 5,000 shares of the company’s stock, valued at approximately $287,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd increased its holdings in shares of Carrier Global by 121.2% during the first quarter. Covestor Ltd now owns 553 shares of the company’s stock worth $25,000 after buying an additional 303 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Carrier Global during the third quarter worth $28,000. Larson Financial Group LLC increased its holdings in shares of Carrier Global by 76.2% during the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after buying an additional 221 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new position in shares of Carrier Global during the third quarter worth $30,000. Finally, GHP Investment Advisors Inc. increased its holdings in shares of Carrier Global by 205.1% during the third quarter. GHP Investment Advisors Inc. now owns 595 shares of the company’s stock worth $31,000 after buying an additional 400 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Carrier Global

In related news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the transaction, the vice president now owns 66,083 shares in the company, valued at approximately $3,553,282.91. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the company’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 transaction of $19,201,832.24. Following the completion of the sale, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction 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 $3,553,282.91. The disclosure for this sale can be found here. Insiders own 6.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Citigroup boosted their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Royal Bank of Canada reduced their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Wells Fargo & Company reduced their price objective on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Oppenheimer reaffirmed an “outperform” rating and set a $63.00 price target on shares of Carrier Global in a research report on Thursday. Finally, Barclays upped their price target on shares of Carrier Global from $71.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Carrier Global has a consensus rating of “Hold” and a consensus price target of $61.15.

Carrier Global Stock Down 1.6 %

Shares of NYSE CARR traded down $0.87 during trading on Thursday, hitting $53.38. 3,050,494 shares of the company traded hands, compared to its average volume of 4,685,329. 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 fifty-two week low of $40.28 and a fifty-two week high of $60.87. The firm has a market capitalization of $48.05 billion, a price-to-earnings ratio of 34.34, a P/E/G ratio of 2.31 and a beta of 1.39. The business’s fifty day moving average is $56.45 and its 200 day moving average is $54.76.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the prior year, the firm earned $0.40 EPS. The company’s revenue was down .1% compared to the same quarter last year. Equities research analysts predict that Carrier Global Co. will post 2.82 earnings per share for the current fiscal year.

About Carrier Global

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.