Carrier Global Corporation (NYSE:CARR) Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 32.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 172,901 shares of the company's stock after buying an additional 42,092 shares during the quarter. Cerity Partners LLC's holdings in Carrier Global were worth $10,962,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted 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 buying an additional 1,850 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Carrier Global by 62.6% during the 4th quarter. Proficio Capital Partners LLC now owns 7,198 shares of the company's stock worth $491,000 after acquiring an additional 2,770 shares during the period. Independent Advisor Alliance lifted its holdings in shares of Carrier Global by 76.4% during the 4th quarter. Independent Advisor Alliance now owns 10,919 shares of the company's stock worth $745,000 after acquiring an additional 4,730 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Carrier Global by 602.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 51,432 shares of the company's stock worth $3,511,000 after acquiring an additional 44,105 shares during the last quarter. Finally, Choate Investment Advisors grew its holdings in Carrier Global by 35.7% in the fourth quarter. Choate Investment Advisors now owns 18,661 shares of the company's stock valued at $1,274,000 after purchasing an additional 4,906 shares during the period. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CARR shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Wells Fargo & Company lifted their target price on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Mizuho set a $72.00 price target on Carrier Global in a research report on Tuesday, April 22nd. Melius Research upgraded Carrier Global to a "hold" rating and set a $90.00 price objective on the stock in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. boosted their target price on Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Six 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 data from MarketBeat, Carrier Global has a consensus rating of "Moderate Buy" and an average price target of $84.82.

Carrier Global Price Performance

CARR opened at $76.62 on Tuesday. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32. The firm has a market cap of $65.68 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 2.09 and a beta of 1.31. 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 company has a fifty day simple moving average of $72.66 and a 200 day simple moving average of $67.65.

Carrier Global (NYSE:CARR - Get Free Report) last announced its 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. Carrier Global had a return on equity of 18.10% and a net margin of 25.45%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. Equities research analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal 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 paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio (DPR) is currently 13.93%.

Insider Buying and Selling at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $70.30, for a total value of $299,999,977.50. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through this link. 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.

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