HBK Sorce Advisory LLC Purchases 4,411 Shares of Carrier Global Corporation (NYSE:CARR)

HBK Sorce Advisory LLC lifted its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 46.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,831 shares of the company's stock after purchasing an additional 4,411 shares during the quarter. HBK Sorce Advisory LLC's holdings in Carrier Global were worth $877,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CARR. BOK Financial Private Wealth Inc. raised its holdings in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after buying an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE increased its position in shares of Carrier Global by 90.0% during 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. Park Square Financial Group LLC acquired a new stake in shares of Carrier Global in the 4th quarter worth about $28,000. Investment Research & Advisory Group Inc. bought a new position in Carrier Global in the 1st quarter valued at about $29,000. Finally, Bradley & Co. Private Wealth Management LLC acquired a new position in Carrier Global during the 4th quarter valued at about $31,000. 91.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Barclays increased their price objective on Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada increased their price target on Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. raised their price objective on Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Robert W. Baird lifted their price objective on shares of Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a report on Tuesday, May 20th. Finally, Mizuho set a $72.00 target price on shares of Carrier Global in a report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Carrier Global has a consensus rating of "Moderate Buy" and an average target price of $83.00.

Carrier Global Stock Performance

Shares of CARR stock opened at $72.48 on Thursday. The firm has a market cap of $62.14 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 2.03 and a beta of 1.33. 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 Corporation has a 52 week low of $54.22 and a 52 week high of $83.32. The firm's 50-day simple moving average is $69.41 and its two-hundred day simple moving average is $67.27.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $5.17 billion. During the same quarter last year, the business posted $0.51 EPS. Carrier Global's quarterly revenue was down 3.7% compared to the same quarter last year. As a group, equities analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently announced 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. This represents a $0.90 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio is currently 13.93%.

Insider Buying and Selling at Carrier Global

In other news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global 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 now owns 54,341,534 shares in the company, valued at $3,820,209,840.20. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.20% of the company's stock.

Carrier Global Company 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.

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