Carrier Global Corporation (NYSE:CARR) Position Boosted by Bristol Gate Capital Partners Inc.

Bristol Gate Capital Partners Inc. raised its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 0.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,201,202 shares of the company's stock after purchasing an additional 4,983 shares during the period. Carrier Global comprises approximately 3.7% of Bristol Gate Capital Partners Inc.'s portfolio, making the stock its 21st biggest holding. Bristol Gate Capital Partners Inc. owned 0.14% of Carrier Global worth $76,156,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its stake in Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company's stock worth $543,000 after acquiring an additional 1,850 shares during the period. American Century Companies Inc. raised its position in shares of Carrier Global by 1.0% in the 4th quarter. American Century Companies Inc. now owns 93,610 shares of the company's stock worth $6,390,000 after buying an additional 923 shares during the period. Level Four Advisory Services LLC increased its stake in Carrier Global by 13.1% during the fourth quarter. Level Four Advisory Services LLC now owns 4,853 shares of the company's stock worth $331,000 after acquiring an additional 561 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Carrier Global by 19.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 72,270 shares of the company's stock valued at $4,933,000 after purchasing an additional 11,565 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Carrier Global by 303.1% in the fourth quarter. Wellington Management Group LLP now owns 181,661 shares of the company's stock valued at $12,400,000 after buying an additional 136,597 shares during the period. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CARR shares. Barclays reduced their target price on shares of Carrier Global from $84.00 to $82.00 and set an "overweight" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $79.00 target price on shares of Carrier Global in a research report on Tuesday, July 15th. Melius started coverage on Carrier Global in a report on Tuesday, July 1st. They set a "hold" rating and a $90.00 target price on the stock. Robert W. Baird decreased their price target on Carrier Global from $85.00 to $84.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, Royal Bank Of Canada dropped their price objective on shares of Carrier Global from $89.00 to $87.00 and set an "outperform" 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's stock. Based on data from MarketBeat, Carrier Global has an average rating of "Moderate Buy" and an average price target of $84.47.

Carrier Global Stock Down 2.5%

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

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $6.11 billion during the quarter, compared to analyst estimates of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. Equities analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, July 21st will be issued a $0.225 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.3%. Carrier Global's dividend payout ratio (DPR) is 19.61%.

Insider Activity

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the company's stock in a transaction 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 transaction, the director directly owned 54,341,534 shares in the company, valued at $3,820,209,840.20. This represents a 7.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.20% of the company's stock.

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.