Carrier Global Corporation (NYSE:CARR) Position Raised by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC grew its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 299.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,184 shares of the company's stock after acquiring an additional 11,382 shares during the quarter. Ameritas Advisory Services LLC's holdings in Carrier Global were worth $970,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. BOK Financial Private Wealth Inc. raised 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. Ritter Daniher Financial Advisory LLC DE increased 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 valued at $26,000 after purchasing an additional 180 shares during the period. Park Square Financial Group LLC bought a new stake in shares of Carrier Global during the fourth quarter valued at about $28,000. Mattson Financial Services LLC acquired a new stake in Carrier Global in the fourth quarter worth about $31,000. Finally, Investment Research & Advisory Group Inc. acquired a new stake in Carrier Global in the first quarter worth about $29,000. Institutional investors own 91.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report 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. Citigroup dropped their target price on Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target for the company in a research note on Friday, May 9th. Finally, Barclays lifted their price target on Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Carrier Global has an average rating of "Moderate Buy" and a consensus target price of $83.82.

Insider Activity at Carrier Global

In other news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global 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 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 filing with the SEC, which can be accessed through the SEC website. 7.20% of the stock is currently owned by company insiders.

Carrier Global Trading Up 1.3%

Shares of CARR opened at $75.28 on Thursday. The business's 50-day moving average price is $70.87 and its 200 day moving average price is $67.29. 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 market capitalization of $64.54 billion, a P/E ratio of 11.65, a P/E/G ratio of 2.05 and a beta of 1.31. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32.

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

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.20%. Carrier Global's payout ratio is currently 13.93%.

About Carrier Global

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.

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