Carrier Global (NASDAQ:CARR) CEO Buys $1,023,196.60 in Stock

Carrier Global (NASDAQ:CARR) CEO David L. Gitlin acquired 57,580 shares of the stock in a transaction dated Monday, May 18th. The stock was acquired at an average price of $17.77 per share, with a total value of $1,023,196.60.

Shares of Carrier Global stock traded up $0.22 during trading on Tuesday, reaching $17.77. 8,335,540 shares of the stock traded hands, compared to its average volume of 14,403,741. Carrier Global has a 52-week low of $11.50 and a 52-week high of $18.75.

Carrier Global (NASDAQ:CARR) last released its quarterly earnings results on Friday, May 8th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.78 billion. The business’s revenue was down 10.1% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in CARR. Ameritas Investment Company LLC bought a new position in shares of Carrier Global during the 1st quarter valued at approximately $41,000. Schroder Investment Management Group purchased a new position in Carrier Global during the first quarter worth $47,000. Morgan Stanley bought a new stake in shares of Carrier Global in the 1st quarter worth about $137,000. Advisor Group Holdings Inc. purchased a new position in shares of Carrier Global during the 1st quarter worth about $168,000. Finally, HighPoint Advisor Group LLC bought a new position in Carrier Global during the 1st quarter valued at about $197,000.

CARR has been the subject of a number of analyst reports. William Blair reiterated a “market perform” rating on shares of Carrier Global in a report on Monday, May 11th. Royal Bank of Canada began coverage on Carrier Global in a research report on Tuesday, April 14th. They set a “sector perform” rating and a $15.00 price objective for the company. Morgan Stanley upped their price target on Carrier Global from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Cowen restated a “hold” rating and set a $17.00 price objective on shares of Carrier Global in a research note on Thursday, May 7th. Finally, Citigroup raised their target price on shares of Carrier Global from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Carrier Global has a consensus rating of “Hold” and a consensus target price of $18.88.

Carrier Global Company Profile

There is no company description available for Carrier Global Corp.

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