Livforsakringsbolaget Skandia Omsesidigt Acquires 753 Shares of Carrier Global Co. (NYSE:CARR)

Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Carrier Global Co. (NYSE:CARR) by 62.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,965 shares of the company’s stock after purchasing an additional 753 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Carrier Global were worth $113,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Daiwa Securities Group Inc. raised its stake in shares of Carrier Global by 6.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 75,197 shares of the company’s stock worth $4,320,000 after purchasing an additional 4,512 shares during the last quarter. Scissortail Wealth Management LLC purchased a new stake in Carrier Global in the 4th quarter worth about $452,000. Tyche Wealth Partners LLC purchased a new position in Carrier Global in the 4th quarter valued at approximately $329,000. Avior Wealth Management LLC lifted its stake in Carrier Global by 30.0% in the 4th quarter. Avior Wealth Management LLC now owns 1,278 shares of the company’s stock worth $73,000 after purchasing an additional 295 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Carrier Global by 0.4% during the fourth quarter. Mackenzie Financial Corp now owns 563,348 shares of the company’s stock worth $32,364,000 after purchasing an additional 2,404 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Performance

NYSE:CARR opened at $53.38 on Friday. The stock has a 50-day simple moving average of $56.41 and a two-hundred day simple moving average of $54.75. 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 52-week low of $40.28 and a 52-week high of $60.87. The firm has a market capitalization of $48.05 billion, a PE ratio of 33.79, a P/E/G ratio of 2.29 and a beta of 1.39.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. Analysts forecast that Carrier Global Co. will post 2.82 EPS for the current year.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of analyst reports. Citigroup increased 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. Oppenheimer reissued an “outperform” rating and set a $63.00 target price on shares of Carrier Global in a research note on Thursday. Wells Fargo & Company cut their price objective on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Royal Bank of Canada lowered their target price 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, Barclays upped their price target on Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Carrier Global has an average rating of “Hold” and an average price target of $61.15.

Insider Buying and Selling

In other news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the sale, the vice president now owns 66,083 shares in the company, valued at $3,553,282.91. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other 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 transaction, the vice president now directly owns 66,083 shares in the company, valued at approximately $3,553,282.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the completion of the transaction, the chief executive officer now owns 422,808 shares of the company’s stock, 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.