Raub Brock Capital Management LP Has $18.92 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Raub Brock Capital Management LP lessened its holdings in shares of Carrier Global Co. (NYSE:CARR) by 4.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 299,933 shares of the company’s stock after selling 13,336 shares during the period. Carrier Global comprises approximately 4.1% of Raub Brock Capital Management LP’s holdings, making the stock its 7th largest holding. Raub Brock Capital Management LP’s holdings in Carrier Global were worth $18,920,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Olistico Wealth LLC bought a new position in Carrier Global during the 2nd quarter worth about $25,000. EdgeRock Capital LLC bought a new position in shares of Carrier Global during the second quarter worth about $32,000. United Community Bank acquired a new stake in Carrier Global in the 4th quarter valued at approximately $34,000. Register Financial Advisors LLC acquired a new stake in Carrier Global in the 1st quarter valued at approximately $34,000. Finally, Rise Advisors LLC boosted its position in Carrier Global by 3,668.8% during the 1st quarter. Rise Advisors LLC now owns 603 shares of the company’s stock worth $35,000 after acquiring an additional 587 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Ajay Agrawal sold 62,382 shares of Carrier Global stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $64.55, for a total transaction 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 legal filing with the SEC, which is accessible through the SEC website. 6.95% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research reports. Baird R W raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. Robert W. Baird cut their price target on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Wells Fargo & Company increased their price objective on shares of Carrier Global from $66.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Friday. Wolfe Research raised Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday. Finally, Barclays increased their price target on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.38.

Carrier Global Stock Performance

Shares of NYSE CARR traded up $0.44 during midday trading on Friday, hitting $69.48. 4,182,643 shares of the company’s stock were exchanged, compared to its average volume of 4,234,270. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $62.60 billion, a PE ratio of 48.59, a price-to-earnings-growth ratio of 2.90 and a beta of 1.32. Carrier Global Co. has a 12 month low of $45.68 and a 12 month high of $73.06. The company’s 50 day moving average price is $66.98 and its 200 day moving average price is $62.54.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. 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 business posted $0.79 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, analysts predict that Carrier Global Co. will post 2.84 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.