Richard Bernstein Advisors LLC Has $3.96 Million Stock Holdings in Carrier Global Corporation (NYSE:CARR)

Richard Bernstein Advisors LLC lessened its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,416 shares of the company's stock after selling 3,616 shares during the quarter. Richard Bernstein Advisors LLC's holdings in Carrier Global were worth $3,957,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Carrier Global by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company's stock valued at $1,181,300,000 after buying an additional 420,081 shares during the last quarter. Northern Trust Corp grew its position in shares of Carrier Global by 16.7% during the 4th quarter. Northern Trust Corp now owns 8,847,377 shares of the company's stock valued at $603,922,000 after buying an additional 1,266,137 shares during the last quarter. Norges Bank bought a new stake in shares of Carrier Global during the 4th quarter valued at about $588,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Carrier Global by 15.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,930,061 shares of the company's stock valued at $473,046,000 after buying an additional 936,892 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its position in Carrier Global by 2.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company's stock worth $415,078,000 after purchasing an additional 126,174 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CARR. Mizuho set a $72.00 target price on shares of Carrier Global in a research report on Tuesday, April 22nd. Melius Research upgraded shares of Carrier Global to a "hold" rating and set a $90.00 target price for the company in a research report on Tuesday, July 1st. Robert W. Baird upped their target price on shares of Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Barclays upped their target price on shares of Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, Citigroup decreased their price objective on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a report on Monday, April 14th. Six 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $83.82.

Carrier Global Price Performance

CARR stock traded down $1.01 on Monday, hitting $74.64. 2,857,524 shares of the company's stock traded hands, compared to its average volume of 4,679,748. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The stock has a market cap of $63.99 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 2.09 and a beta of 1.31. The stock has a fifty day moving average of $71.47 and a 200-day moving average of $67.36. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating 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%. The firm's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. On average, analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, July 21st will be given a $0.225 dividend. The ex-dividend date is Monday, July 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.21%. Carrier Global's dividend payout ratio (DPR) is presently 13.93%.

Insider Activity at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the company's stock in a transaction that occurred 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. This represents a 7.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.20% of the company's stock.

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.