Envestnet Asset Management Inc. Has $168.11 Million Holdings in Carrier Global Corporation (NYSE:CARR)

Envestnet Asset Management Inc. lifted its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 13.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,651,545 shares of the company's stock after purchasing an additional 305,117 shares during the period. Envestnet Asset Management Inc. owned 0.31% of Carrier Global worth $168,108,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Syon Capital LLC boosted its position in shares of Carrier Global by 2.2% during the 4th quarter. Syon Capital LLC now owns 7,089 shares of the company's stock valued at $484,000 after purchasing an additional 155 shares in the last quarter. Essex Financial Services Inc. boosted its holdings in shares of Carrier Global by 0.4% in the first quarter. Essex Financial Services Inc. now owns 41,778 shares of the company's stock worth $2,649,000 after buying an additional 173 shares during the period. Beck Mack & Oliver LLC increased its position in shares of Carrier Global by 1.9% in the fourth quarter. Beck Mack & Oliver LLC now owns 9,124 shares of the company's stock worth $623,000 after acquiring an additional 174 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE increased its position in shares of Carrier Global by 90.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after acquiring an additional 180 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Carrier Global by 2.0% in the first quarter. International Assets Investment Management LLC now owns 9,438 shares of the company's stock worth $598,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup dropped 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 report on Monday, April 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 report on Friday, May 9th. JPMorgan Chase & Co. lifted their target price on shares of Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Royal Bank Of Canada lifted their target price on shares of Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company boosted their price objective on shares of Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $83.82.

Insider Buying and Selling 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 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 in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.20% of the company's stock.

Carrier Global Stock Down 0.1%

CARR stock traded down $0.06 during trading hours on Friday, hitting $76.71. The company's stock had a trading volume of 3,785,621 shares, compared to its average volume of 5,354,637. 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 company has a market capitalization of $65.76 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 2.07 and a beta of 1.31. Carrier Global Corporation has a 12 month low of $54.22 and a 12 month high of $83.32. The stock has a 50 day moving average price of $72.44 and a two-hundred day moving average price of $67.57.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $5.17 billion. During the same period in the previous year, the company earned $0.51 earnings per share. Carrier Global's revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities research analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The company 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Monday, July 21st. Carrier Global's payout ratio is 13.93%.

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.