1 week Ago By ABMN Staff
Wolfe Research upgraded shares of Carrier Global ( NYSE:CARR – Free Report ) from an underperform rating to a peer perform rating in a report issued on Friday morning, MarketBeat reports. Other research analysts have also recently issued reports about the company. Royal Bank of Canada upped their price objective on Carrier Global from $72.
00 to $79.00 and gave the stock an outperform rating in a research report on Thursday. Oppenheimer upped their price objective on Carrier Global from $70.
00 to $74.00 and gave the stock an outperform rating in a research report on Friday, August 16th. Robert W.
Baird lowered their price objective on Carrier Global from $75.00 to $74.00 and set an outperform rating for the company in a research report on Friday, July 26th.
Bank of America raised Carrier Global from an underperform rating to a neutral rating and upped their price objective for the stock from $55.00 to $72.00 in a research report on Monday, July 29th.
Finally, Barclays upped their price objective on Carrier Global from $79.00 to $81.00 and gave the stock an overweight rating in a research report on Friday, June 14th.
One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $70.
17. Read Our Latest Report on CARR Carrier Global Price Performance Carrier Global ( NYSE:CARR – Get Free Report ) last released its earnings results on Thursday, July 25th. The company reported $0.
87 EPS for the quarter, topping the consensus estimate of $0.85 by $0.02.
Carrier Global had a return on equity of 23.68% and a net margin of 14.27%.
The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.05 billion.
During the same period in the previous year, the firm posted $0.79 EPS. Carrier Global’s revenue for the quarter was up 11.
7% on a year-over-year basis. As a group, research analysts anticipate that Carrier Global will post 2.84 earnings per share for the current year.
Insider Activity In other news, VP Ajay Agrawal sold 62,382 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $64.55, for a total value of $4,026,758.
10. Following the completion of the sale, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Company insiders own 6.95% of the company’s stock.
Institutional Trading of Carrier Global Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its stake in Carrier Global by 5.5% during the 1st quarter.
Nordea Investment Management AB now owns 822,954 shares of the company’s stock valued at $47,633,000 after acquiring an additional 43,002 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Carrier Global during the 4th quarter valued at approximately $973,000.
Versor Investments LP purchased a new stake in Carrier Global during the 4th quarter valued at approximately $1,132,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A.
raised its stake in Carrier Global by 50.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.
A. now owns 390,272 shares of the company’s stock valued at $22,687,000 after acquiring an additional 130,192 shares during the last quarter. Finally, GLOBALT Investments LLC GA purchased a new stake in Carrier Global during the 4th quarter valued at approximately $859,000.
91.00% of the stock is owned by hedge funds and other institutional investors. About Carrier Global ( Get 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. Featured Stories Receive News & Ratings for Carrier Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrier Global and related companies with MarketBeat.com's FREE daily email newsletter .
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