Advisor OS LLC Acquires 4,826 Shares of Carrier Global Corporation (NYSE:CARR)

Advisor OS LLC raised its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 34.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,639 shares of the company's stock after buying an additional 4,826 shares during the quarter. Advisor OS LLC's holdings in Carrier Global were worth $1,182,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Carnegie Investment Counsel bought a new position in Carrier Global in the first quarter valued at approximately $299,000. Pinnacle Associates Ltd. lifted its position in shares of Carrier Global by 4.4% in the first quarter. Pinnacle Associates Ltd. now owns 39,723 shares of the company's stock worth $2,518,000 after purchasing an additional 1,657 shares in the last quarter. Dempze Nancy E lifted its position in shares of Carrier Global by 27.4% in the first quarter. Dempze Nancy E now owns 47,759 shares of the company's stock worth $3,028,000 after purchasing an additional 10,277 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of Carrier Global by 20.2% in the first quarter. AE Wealth Management LLC now owns 8,759 shares of the company's stock worth $555,000 after purchasing an additional 1,469 shares in the last quarter. Finally, Delaney Dennis R lifted its position in shares of Carrier Global by 17.4% in the first quarter. Delaney Dennis R now owns 51,755 shares of the company's stock worth $3,281,000 after purchasing an additional 7,675 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CARR shares. Mizuho set a $72.00 price objective on shares of Carrier Global in a research report on Tuesday, April 22nd. Royal Bank Of Canada boosted their price objective on shares of Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Wells Fargo & Company boosted their target price on shares of Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. The Goldman Sachs Group restated a "buy" rating on shares of Carrier Global in a report on Wednesday, May 21st. Finally, Robert W. Baird lowered their target price on shares of Carrier Global from $88.00 to $85.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.65.

Carrier Global Stock Performance

NYSE:CARR traded up $1.28 during mid-day trading on Friday, reaching $80.72. 3,401,234 shares of the company's stock were exchanged, compared to its average volume of 3,799,481. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 1.20. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The firm has a market capitalization of $69.21 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31. The business's fifty day simple moving average is $73.54 and its two-hundred day simple moving average is $68.21.

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 for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. Carrier Global had a net margin of 25.45% and a return on equity of 18.10%. The company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same period last year, the company posted $0.51 EPS. The firm's quarterly revenue was down 3.7% compared to the same quarter last year. Analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, July 21st will be given a $0.225 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.11%. Carrier Global's dividend payout ratio (DPR) is currently 13.93%.

Insider Activity

In other news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction on 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 completion of the sale, the director owned 54,341,534 shares in the company, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 7.20% of the company's stock.

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.