Banque Cantonale Vaudoise Takes Position in Carrier Global Corporation (NYSE:CARR)

Banque Cantonale Vaudoise acquired a new stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,434 shares of the company's stock, valued at approximately $2,247,000.

Other hedge funds have also recently modified their holdings of the company. Syon Capital LLC grew its holdings in Carrier Global by 2.2% during the fourth quarter. Syon Capital LLC now owns 7,089 shares of the company's stock worth $484,000 after acquiring an additional 155 shares during the period. Lindbrook Capital LLC boosted its holdings in Carrier Global by 1.3% in the 1st quarter. Lindbrook Capital LLC now owns 12,294 shares of the company's stock worth $779,000 after buying an additional 156 shares during the last quarter. Code Waechter LLC raised its holdings in Carrier Global by 5.1% in the 1st quarter. Code Waechter LLC now owns 3,383 shares of the company's stock valued at $214,000 after acquiring an additional 164 shares during the last quarter. Essex Financial Services Inc. raised its holdings in Carrier Global by 0.4% in the 1st quarter. Essex Financial Services Inc. now owns 41,778 shares of the company's stock valued at $2,649,000 after acquiring an additional 173 shares during the last quarter. Finally, Beck Mack & Oliver LLC increased its holdings in shares of Carrier Global by 1.9% during the 4th quarter. Beck Mack & Oliver LLC now owns 9,124 shares of the company's stock worth $623,000 after buying an additional 174 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Insiders Place Their Bets

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the completion of the transaction, the director owned 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.20% of the company's stock.

Carrier Global Stock Performance

CARR stock traded down $1.72 during trading on Friday, hitting $66.90. The company had a trading volume of 5,450,797 shares, compared to its average volume of 4,818,715. The firm has a market cap of $56.93 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.88 and a beta of 1.26. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The firm has a 50-day moving average price of $73.35 and a 200-day moving average price of $68.33. The company has a quick ratio of 0.83, a current ratio of 1.17 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $6.11 billion for the quarter, compared to analysts' expectations of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. On average, analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

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. This represents a $0.90 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio is presently 19.61%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CARR. Royal Bank Of Canada dropped their price target on shares of Carrier Global from $89.00 to $87.00 and set an "outperform" rating for the company in a research report on Wednesday. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a research report on Friday, May 9th. Mizuho set a $72.00 price objective on Carrier Global in a research report on Tuesday, April 22nd. Wells Fargo & Company boosted their price objective on Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Finally, Barclays dropped their price target on shares of Carrier Global from $84.00 to $82.00 and set an "overweight" rating on the stock in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Carrier Global presently has an average rating of "Moderate Buy" and a consensus target price of $84.47.

Carrier Global Company 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.