Delaney Dennis R Has $3.28 Million Stock Holdings in Carrier Global Corporation (NYSE:CARR)

Delaney Dennis R raised its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 17.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,755 shares of the company's stock after purchasing an additional 7,675 shares during the period. Carrier Global accounts for about 1.8% of Delaney Dennis R's investment portfolio, making the stock its 26th largest position. Delaney Dennis R's holdings in Carrier Global were worth $3,281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of Carrier Global by 90.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock valued at $26,000 after acquiring an additional 180 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of Carrier Global in the 4th quarter valued at approximately $28,000. Investment Research & Advisory Group Inc. bought a new position in shares of Carrier Global in the 1st quarter valued at approximately $29,000. Mattson Financial Services LLC bought a new position in shares of Carrier Global in the 4th quarter valued at approximately $31,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Carrier Global by 236.1% in the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock valued at $33,000 after acquiring an additional 340 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

Shares of NYSE:CARR traded up $1.28 during trading on Friday, hitting $80.72. 3,401,211 shares of the stock were exchanged, compared to its average volume of 5,254,924. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The company has a market capitalization of $69.21 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31. The company's fifty day simple moving average is $73.44 and its 200-day simple moving average is $68.13. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 1.20.

Carrier Global (NYSE:CARR - Get Free Report) last announced 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. Carrier Global had a return on equity of 18.10% and a net margin of 25.45%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the previous year, the firm earned $0.51 EPS. Carrier Global's quarterly revenue was down 3.7% on a year-over-year basis. Sell-side analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders 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 yield of 1.11%. Carrier Global's payout ratio is 13.93%.

Insider Transactions at Carrier Global

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the business'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 owned 54,341,534 shares in the company, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 7.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CARR. Melius began coverage on Carrier Global in a research note on Tuesday, July 1st. They issued a "hold" rating and a $90.00 price objective on the stock. Barclays raised their price objective on Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target on the stock in a research report on Friday, May 9th. Mizuho set a $72.00 price target on Carrier Global in a research report on Tuesday, April 22nd. Finally, Citigroup reaffirmed a "buy" rating and issued a $89.00 price target (up from $82.00) on shares of Carrier Global in a research report on Monday, July 14th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $84.65.

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.