Brown Advisory Inc. Has $613.33 Million Stock Holdings in Carrier Global Corporation (NYSE:CARR)

Brown Advisory Inc. lifted its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 82.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,673,979 shares of the company's stock after purchasing an additional 4,377,402 shares during the quarter. Carrier Global accounts for about 0.9% of Brown Advisory Inc.'s investment portfolio, making the stock its 29th largest holding. Brown Advisory Inc. owned 1.12% of Carrier Global worth $613,330,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Syon Capital LLC raised its position in Carrier Global by 2.2% during the fourth quarter. Syon Capital LLC now owns 7,089 shares of the company's stock valued at $484,000 after buying an additional 155 shares during the period. BOK Financial Private Wealth Inc. grew its stake in Carrier Global by 80.0% during 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 in the last quarter. Essex Financial Services Inc. increased its holdings in shares of 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 purchasing an additional 173 shares during the period. Beck Mack & Oliver LLC increased its holdings in shares of Carrier Global by 1.9% in the 4th quarter. Beck Mack & Oliver LLC now owns 9,124 shares of the company's stock valued at $623,000 after purchasing an additional 174 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Carrier Global by 90.0% in 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 in the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Stock Performance

Carrier Global stock traded down $0.06 during trading hours on Friday, reaching $76.71. 3,805,081 shares of the company were exchanged, compared to its average volume of 4,694,750. Carrier Global Corporation has a 12 month low of $54.22 and a 12 month high of $83.32. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average of $72.55 and a 200 day moving average of $67.62. The firm has a market cap of $65.76 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 2.09 and a beta of 1.31.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a net margin of 25.45% and a return on equity of 18.10%. Carrier Global's quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. As a group, research analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, July 21st will be given a dividend of $0.225 per share. The ex-dividend date is Monday, July 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.17%. Carrier Global's dividend payout ratio is presently 13.93%.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Robert W. Baird boosted their price target on shares of Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a report on Tuesday, May 20th. Wells Fargo & Company increased their price objective on Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. JPMorgan Chase & Co. lifted their price objective on Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Finally, Citigroup dropped their target price on Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.82.

Insiders Place Their Bets

In related 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 transaction, the director owned 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.20% of the stock is currently owned by insiders.

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.