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

Envestnet Asset Management Inc. boosted its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 13.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,651,545 shares of the company's stock after buying an additional 305,117 shares during the period. Envestnet Asset Management Inc. owned approximately 0.31% of Carrier Global worth $168,108,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Syon Capital LLC boosted its position in shares of Carrier Global by 2.2% in the fourth quarter. Syon Capital LLC now owns 7,089 shares of the company's stock worth $484,000 after acquiring an additional 155 shares during the last quarter. Essex Financial Services Inc. raised its holdings in shares of Carrier Global by 0.4% during the 1st quarter. Essex Financial Services Inc. now owns 41,778 shares of the company's stock valued at $2,649,000 after buying an additional 173 shares during the period. Beck Mack & Oliver LLC lifted its position in shares of Carrier Global by 1.9% during the fourth quarter. Beck Mack & Oliver LLC now owns 9,124 shares of the company's stock worth $623,000 after purchasing an additional 174 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE grew its holdings in Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock valued at $26,000 after purchasing an additional 180 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Carrier Global by 2.0% in the 1st quarter. International Assets Investment Management LLC now owns 9,438 shares of the company's stock worth $598,000 after buying an additional 181 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Performance

NYSE:CARR traded up $1.04 during mid-day trading on Wednesday, hitting $75.94. 4,119,285 shares of the company's stock traded hands, compared to its average volume of 4,687,014. Carrier Global Corporation has a 12 month low of $54.22 and a 12 month high of $83.32. The firm has a 50 day moving average of $72.03 and a two-hundred day moving average of $67.46. The firm has a market capitalization of $65.10 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 2.06 and a beta of 1.31. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.

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

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, July 21st will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio is currently 13.93%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CARR shares. Wells Fargo & Company lifted their target price on Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Robert W. Baird increased their target price on Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a research note on Tuesday, May 20th. Northcoast Research upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target for the company in a research note on Friday, May 9th. Melius started coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They set a "hold" rating and a $90.00 price objective on the stock. Finally, Citigroup dropped their target price on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.82.

Insider Buying and Selling

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction dated 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 transaction, the director owned 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.20% of the company's stock.

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.