Crescent Grove Advisors LLC Has $6.63 Million Stock Holdings in Carrier Global Corporation (NYSE:CARR)

Crescent Grove Advisors LLC raised its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 40.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,643 shares of the company's stock after buying an additional 29,872 shares during the quarter. Crescent Grove Advisors LLC's holdings in Carrier Global were worth $6,634,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. raised its stake in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after buying an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after purchasing an additional 180 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of Carrier Global during the 4th quarter worth approximately $28,000. Mattson Financial Services LLC acquired a new stake in shares of Carrier Global during the 4th quarter worth approximately $31,000. Finally, Investment Research & Advisory Group Inc. acquired a new stake in shares of Carrier Global during the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CARR shares. Mizuho set a $72.00 price target on Carrier Global in a research report on Tuesday, April 22nd. Robert W. Baird raised their target price on Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a research report on Tuesday, May 20th. Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price on the stock in a research report on Friday, May 9th. The Goldman Sachs Group restated a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Finally, Barclays increased their target price on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $83.00.

Carrier Global Price Performance

Shares of Carrier Global stock traded up $1.11 during trading on Friday, hitting $73.70. The stock had a trading volume of 6,162,772 shares, compared to its average volume of 4,666,376. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.20 and a quick ratio of 0.83. The firm has a market cap of $63.19 billion, a P/E ratio of 11.41, a PEG ratio of 2.07 and a beta of 1.33. The business has a fifty day moving average of $69.94 and a two-hundred day moving average of $67.23. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a return on equity of 18.10% and a net margin of 25.45%. The company's revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, sell-side analysts expect 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 dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global's dividend payout ratio is presently 13.93%.

Insider Transactions at Carrier Global

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the firm's stock in a transaction 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 completion of the sale, the director now directly owns 54,341,534 shares of the company's stock, valued at $3,820,209,840.20. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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.