3,688 Shares in Carrier Global Corporation (NYSE:CARR) Purchased by Evanson Asset Management LLC

Evanson Asset Management LLC acquired a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,688 shares of the company's stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BOK Financial Private Wealth Inc. raised its holdings in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after acquiring an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of Carrier Global by 90.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after purchasing an additional 180 shares during the last quarter. Park Square Financial Group LLC bought a new position in shares of Carrier Global in the fourth quarter valued at approximately $28,000. Investment Research & Advisory Group Inc. purchased a new position in shares of Carrier Global during the first quarter valued at approximately $29,000. Finally, Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Carrier Global during the fourth quarter valued at approximately $31,000. Institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Barclays increased their price objective on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada boosted their target price on Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 20th. Wells Fargo & Company upped their target price on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target on the stock in a report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $83.00.

Insider Transactions at Carrier Global

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $70.30, for a total value of $299,999,977.50. Following the sale, the director now directly owns 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.20% of the company's stock.

Carrier Global Stock Performance

Shares of CARR stock traded up $0.51 on Friday, hitting $70.37. 10,629,737 shares of the stock were exchanged, compared to its average volume of 4,708,936. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $60.33 billion, a PE ratio of 24.38, a P/E/G ratio of 1.98 and a beta of 1.33. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The firm's 50 day moving average is $68.68 and its two-hundred day moving average is $67.26.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a net margin of 25.45% and a return on equity of 18.10%. The company's quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Sell-side analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.28%. Carrier Global's dividend payout ratio is currently 13.93%.

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.