Breakwater Capital Group Takes $270,000 Position in Carrier Global Co. (NYSE:CARR)

Breakwater Capital Group purchased a new stake in Carrier Global Co. (NYSE:CARR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,266 shares of the company's stock, valued at approximately $270,000.

Other large investors have also added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. raised its stake in Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after acquiring an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of Carrier Global by 90.0% during 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 period. Park Square Financial Group LLC bought a new position in shares of Carrier Global during the fourth quarter worth approximately $28,000. Mattson Financial Services LLC bought a new position in shares of Carrier Global during the fourth quarter worth approximately $31,000. Finally, Bradley & Co. Private Wealth Management LLC bought a new position in shares of Carrier Global during the fourth quarter worth approximately $31,000. Institutional investors own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of recent research reports. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. increased their target price on Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Robert W. Baird increased their target price on Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 20th. The Goldman Sachs Group reiterated a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company increased their price target 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. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Carrier Global has an average rating of "Moderate Buy" and a consensus target price of $83.00.

Carrier Global Price Performance

Shares of NYSE CARR traded down $0.31 during mid-day trading on Friday, hitting $71.09. 4,754,889 shares of the stock traded hands, compared to its average volume of 4,655,952. The company has a market cap of $60.95 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32. The firm has a 50 day simple moving average of $66.27 and a two-hundred day simple moving average of $67.70. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the previous year, the business earned $0.51 EPS. The business's quarterly revenue was down 3.7% compared to the same quarter last year. As a group, equities research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, May 2nd. Carrier Global's dividend payout ratio (DPR) is presently 13.93%.

Insider Transactions at Carrier Global

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the completion of the sale, the director now directly owns 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. The trade was a 7.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.