Carrier Global Corporation (NYSE:CARR) Position Increased by Broderick Brian C

Broderick Brian C lifted its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 28.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,847 shares of the company's stock after buying an additional 24,685 shares during the quarter. Carrier Global makes up 1.5% of Broderick Brian C's investment portfolio, making the stock its 28th largest position. Broderick Brian C's holdings in Carrier Global were worth $7,154,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CARR. BOK Financial Private Wealth Inc. grew its holdings in shares of Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after buying an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE grew its holdings 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 buying an additional 180 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Carrier Global during the fourth quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Carrier Global during the fourth quarter worth about $31,000. Finally, Mattson Financial Services LLC purchased a new stake in shares of Carrier Global during the fourth quarter worth about $31,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Up 0.0%

Shares of NYSE:CARR traded up $0.02 during midday trading on Thursday, reaching $69.80. The company had a trading volume of 4,073,098 shares, compared to its average volume of 4,691,105. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.20 and a quick ratio of 0.83. The stock's fifty day moving average price is $68.24 and its 200-day moving average price is $67.40. The stock has a market capitalization of $59.84 billion, a P/E ratio of 10.80, a PEG ratio of 1.96 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.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The business had revenue of $5.22 billion during 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 business's revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Equities research analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

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 paid a $0.225 dividend. The ex-dividend date is Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.29%. Carrier Global's dividend payout ratio (DPR) is presently 13.93%.

Insider Buying and Selling

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the business's stock in a transaction on 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 sale, the director now owns 54,341,534 shares in the company, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 7.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CARR. The Goldman Sachs Group reiterated a "buy" rating on shares of Carrier Global in a report on Wednesday, May 21st. Citigroup dropped their price target on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Mizuho set a $72.00 price target on shares of Carrier Global in a research note on Tuesday, April 22nd. Northcoast Research raised shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target on the stock in a research note on Friday, May 9th. Finally, Barclays increased their price target on shares of Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Four equities 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $83.00.

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.