Kingswood Wealth Advisors LLC Buys 7,418 Shares of Carrier Global Corporation (NYSE:CARR)

Kingswood Wealth Advisors LLC increased its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 70.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,969 shares of the company's stock after purchasing an additional 7,418 shares during the period. Kingswood Wealth Advisors LLC's holdings in Carrier Global were worth $1,140,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Puzo Michael J increased its holdings in shares of Carrier Global by 13.6% in the first quarter. Puzo Michael J now owns 115,400 shares of the company's stock worth $7,316,000 after buying an additional 13,823 shares during the period. Pegasus Asset Management Inc. increased its holdings in shares of Carrier Global by 2.5% in the first quarter. Pegasus Asset Management Inc. now owns 81,410 shares of the company's stock worth $5,161,000 after buying an additional 2,024 shares during the period. Broderick Brian C increased its holdings in shares of Carrier Global by 28.0% in the first quarter. Broderick Brian C now owns 112,847 shares of the company's stock worth $7,154,000 after buying an additional 24,685 shares during the period. Hemenway Trust Co LLC increased its holdings in shares of Carrier Global by 12.4% in the first quarter. Hemenway Trust Co LLC now owns 369,426 shares of the company's stock worth $23,422,000 after buying an additional 40,637 shares during the period. Finally, Grove Bank & Trust increased its holdings in shares of Carrier Global by 17.7% in the first quarter. Grove Bank & Trust now owns 4,580 shares of the company's stock worth $290,000 after buying an additional 690 shares during the period. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Stock Up 0.7%

Carrier Global stock traded up $0.51 during trading hours on Friday, hitting $70.37. 10,629,737 shares of the stock traded hands, compared to its average volume of 4,715,590. The firm's 50-day moving average price is $68.68 and its two-hundred day moving average price is $67.32. 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 company has a market cap of $60.33 billion, a PE ratio of 10.89, 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 posted its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. The business had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $5.17 billion. Carrier Global had a return on equity of 18.10% and a net margin of 25.45%. The business's revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. On average, research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.90 annualized dividend and a yield of 1.28%. Carrier Global's payout ratio is 13.93%.

Insider Buying and Selling at Carrier Global

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total value of $299,999,977.50. Following the sale, the director now directly owns 54,341,534 shares of the company's stock, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 7.20% of the company's stock.

Analysts Set New Price Targets

CARR has been the topic of several analyst reports. Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a report on Friday, May 9th. Barclays lifted their price objective on Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. The Goldman Sachs Group reissued a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research note on Monday, February 24th. Finally, Mizuho set a $72.00 target price on Carrier Global in a research note on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $83.00.

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.