Carrier Global Corporation (NYSE:CARR) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers lifted its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 5.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 176,077 shares of the company's stock after purchasing an additional 9,223 shares during the period. Cetera Investment Advisers' holdings in Carrier Global were worth $11,163,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Carrier Global by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company's stock worth $1,181,300,000 after purchasing an additional 420,081 shares in the last quarter. Brown Advisory Inc. grew its position in Carrier Global by 82.6% during the 1st quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company's stock worth $613,330,000 after purchasing an additional 4,377,402 shares during the period. Northern Trust Corp increased its stake in shares of Carrier Global by 16.7% in the 4th quarter. Northern Trust Corp now owns 8,847,377 shares of the company's stock valued at $603,922,000 after purchasing an additional 1,266,137 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Carrier Global by 15.6% in 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 purchasing an additional 936,892 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Carrier Global by 40.3% in the 4th quarter. Invesco Ltd. now owns 5,057,148 shares of the company's stock valued at $345,201,000 after buying an additional 1,453,247 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Insiders Place Their Bets

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the business's 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 directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.20% of the stock is currently owned by company insiders.

Carrier Global Stock Down 2.5%

Shares of CARR stock traded down $1.72 on Friday, reaching $66.90. 5,450,797 shares of the stock were exchanged, compared to its average volume of 4,818,715. The company has a current ratio of 1.17, a quick ratio of 0.83 and a debt-to-equity ratio of 0.76. The business's 50 day moving average price is $73.35 and its 200 day moving average price is $68.33. The company has a market capitalization of $56.93 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 1.83 and a beta of 1.26. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The firm had revenue of $6.11 billion during the quarter, compared to the consensus estimate of $6.08 billion. As a group, sell-side analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business 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 of this dividend is Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.3%. Carrier Global's payout ratio is 19.61%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CARR. Mizuho set a $72.00 price target on shares of Carrier Global in a research note on Tuesday, April 22nd. Royal Bank Of Canada decreased their target price on shares of Carrier Global from $89.00 to $87.00 and set an "outperform" rating on the stock in a research note on Wednesday. Citigroup reissued a "buy" rating and issued a $89.00 target price (up from $82.00) on shares of Carrier Global in a research note on Monday, July 14th. Northcoast Research raised shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price on the stock in a research note on Friday, May 9th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $84.47.

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.