Mutual of America Capital Management LLC Sells 4,936 Shares of Carrier Global Co. (NYSE:CARR)

Mutual of America Capital Management LLC lowered its holdings in shares of Carrier Global Co. (NYSE:CARR) by 4.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 112,543 shares of the company’s stock after selling 4,936 shares during the period. Mutual of America Capital Management LLC’s holdings in Carrier Global were worth $6,466,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CARR. Covestor Ltd boosted its position in Carrier Global by 121.2% during the 1st quarter. Covestor Ltd now owns 553 shares of the company’s stock valued at $25,000 after buying an additional 303 shares during the period. OFI Invest Asset Management purchased a new stake in Carrier Global during the 3rd quarter valued at $28,000. Larson Financial Group LLC boosted its position in Carrier Global by 76.2% during the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after buying an additional 221 shares during the period. VisionPoint Advisory Group LLC purchased a new stake in Carrier Global during the 3rd quarter valued at $30,000. Finally, GHP Investment Advisors Inc. boosted its position in Carrier Global by 205.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 595 shares of the company’s stock valued at $31,000 after buying an additional 400 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 0.4 %

NYSE:CARR opened at $56.86 on Friday. The firm has a market cap of $51.18 billion, a P/E ratio of 35.99, a P/E/G ratio of 2.39 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 fifty-two week low of $40.28 and a fifty-two week high of $60.87. The firm has a 50-day simple moving average of $56.45 and a two-hundred day simple moving average of $54.76.

Carrier Global (NYSE:CARR) last released its quarterly earnings data 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. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. Carrier Global’s revenue was down .1% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS. Analysts predict that Carrier Global Co. will post 2.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Citigroup raised their target price on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Barclays raised their target price on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada dropped their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Finally, Wells Fargo & Company dropped their target price on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Three 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. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Hold” and an average target price of $60.77.

Insider Buying and Selling at Carrier Global

In other news, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction that occurred 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 $22,899,281.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction that occurred 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 $22,899,281.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kevin J. O’connor sold 26,551 shares of Carrier Global 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 sale, the vice president now owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The disclosure for this sale can be found here. 6.95% of the stock is 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.