Hemenway Trust Co LLC Has $23.42 Million Stock Position in Carrier Global Corporation (NYSE:CARR)

Hemenway Trust Co LLC boosted its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 12.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 369,426 shares of the company's stock after buying an additional 40,637 shares during the period. Carrier Global accounts for 1.9% of Hemenway Trust Co LLC's investment portfolio, making the stock its 26th largest position. Hemenway Trust Co LLC's holdings in Carrier Global were worth $23,422,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the business. BOK Financial Private Wealth Inc. raised its position in Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after purchasing an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE grew its position in Carrier Global by 90.0% during the fourth 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 during the period. Park Square Financial Group LLC purchased a new stake in Carrier Global during the fourth quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Carrier Global in the fourth quarter worth about $31,000. Finally, Mattson Financial Services LLC acquired a new position in shares of Carrier Global in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Analysts Set New Price Targets

CARR has been the topic of a number of research reports. Northcoast Research upgraded 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. Citigroup cut their price objective on Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a report on Monday, April 14th. Robert W. Baird raised their target price on Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a report on Tuesday, May 20th. Royal Bank Of Canada lifted their target price on Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Finally, Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a report on Monday, February 24th. Four equities research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.00.

Carrier Global Stock Up 0.0%

Shares of NYSE CARR traded up $0.02 during midday trading on Thursday, reaching $69.80. 4,073,098 shares of the company's stock traded hands, compared to its average volume of 4,691,105. The company has a market cap of $59.84 billion, a price-to-earnings ratio of 10.80, a P/E/G ratio of 1.96 and a beta of 1.33. Carrier Global Corporation has a one year low of $54.22 and a one 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's 50 day simple moving average is $68.24 and its 200-day simple moving average is $67.40.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same quarter last year, the business earned $0.51 earnings per share. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. On average, analysts predict 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 dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global's payout ratio is currently 13.93%.

Insider Activity

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were 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 now directly owns 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.20% of the company's stock.

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.