Crossmark Global Holdings Inc. Purchases 4,262 Shares of Carrier Global Corporation (NYSE:CARR)

Crossmark Global Holdings Inc. boosted its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 10.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,969 shares of the company's stock after buying an additional 4,262 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Carrier Global were worth $2,788,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC raised its holdings in shares of Carrier Global by 51.8% during the 1st quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company's stock valued at $88,000 after purchasing an additional 474 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Carrier Global by 15.7% during the 1st quarter. Bessemer Group Inc. now owns 28,768 shares of the company's stock valued at $1,823,000 after purchasing an additional 3,900 shares in the last quarter. Ensign Peak Advisors Inc raised its holdings in shares of Carrier Global by 27.8% during the 4th quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company's stock valued at $89,706,000 after purchasing an additional 285,803 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Carrier Global during the 1st quarter valued at $234,000. Finally, Ritholtz Wealth Management raised its holdings in shares of Carrier Global by 34.0% during the 1st quarter. Ritholtz Wealth Management now owns 3,968 shares of the company's stock valued at $252,000 after purchasing an additional 1,007 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the business's stock in a transaction dated 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 transaction, the director directly owned 54,341,534 shares of the company's stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Corporate insiders own 7.20% of the company's stock.

Analyst Upgrades and Downgrades

CARR has been the topic of a number of research analyst reports. Northcoast Research upgraded 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. Melius Research upgraded shares of Carrier Global to a "hold" rating and set a $90.00 target price on the stock in a research note on Tuesday, July 1st. Citigroup lowered their target price on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. boosted their price objective on shares of Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Mizuho set a $72.00 price objective on shares of Carrier Global in a report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $83.82.

Carrier Global Price Performance

NYSE:CARR traded down $0.06 on Friday, reaching $76.71. The stock had a trading volume of 3,805,081 shares, compared to its average volume of 4,701,381. The company has a market capitalization of $65.76 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 2.09 and a beta of 1.31. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average price of $72.55 and a 200-day moving average price of $67.61.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. Carrier Global had a net margin of 25.45% and a return on equity of 18.10%. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The company's revenue was down 3.7% on a year-over-year basis. Research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global's dividend payout ratio is presently 13.93%.

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.