Cary Street Partners Financial LLC lifted its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 51.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,618 shares of the company's stock after acquiring an additional 28,971 shares during the quarter. Cary Street Partners Financial LLC's holdings in Carrier Global were worth $5,428,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Park Square Financial Group LLC acquired a new position in Carrier Global in the 4th quarter valued at $28,000. Investment Research & Advisory Group Inc. acquired a new stake in Carrier Global in the first quarter valued at about $29,000. Mattson Financial Services LLC bought a new position in Carrier Global in the fourth quarter valued at about $31,000. Mascagni Wealth Management Inc. acquired a new position in Carrier Global during the fourth quarter worth about $35,000. Finally, Transce3nd LLC bought a new position in shares of Carrier Global in the fourth quarter worth about $37,000. 91.00% of the stock is owned by institutional investors and hedge funds.
Carrier Global Stock Up 0.4%
Shares of CARR traded up $0.29 during trading hours on Thursday, reaching $66.40. The stock had a trading volume of 4,024,733 shares, compared to its average volume of 5,120,716. The firm has a 50-day simple moving average of $72.94 and a 200 day simple moving average of $68.24. 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 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $56.51 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 1.81 and a beta of 1.25.
Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Equities research analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.
Carrier Global Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, July 21st will be paid a $0.225 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.4%. Carrier Global's dividend payout ratio is 19.61%.
Insider Activity at Carrier Global
In related news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction that occurred 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 of the company's stock, valued at $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 available at this link. 7.20% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of research analysts have recently commented on CARR shares. Wells Fargo & Company increased their price target on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Citigroup reiterated a "buy" rating and set a $89.00 price objective (up from $82.00) on shares of Carrier Global in a research report on Monday, July 14th. Melius started coverage on shares of Carrier Global in a report on Tuesday, July 1st. They issued a "hold" rating and a $90.00 target price on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $79.00 price target on shares of Carrier Global in a research report on Tuesday, July 15th. Finally, Mizuho set a $72.00 price objective on Carrier Global in a research report on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Carrier Global has an average rating of "Moderate Buy" and a consensus price target of $84.47.
Check Out Our Latest Analysis on CARR
Carrier Global Profile
(
Free Report)
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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