Carrier Global Corporation (NYSE:CARR) Shares Acquired by IFP Advisors Inc

IFP Advisors Inc boosted its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,213 shares of the company's stock after acquiring an additional 9,594 shares during the period. IFP Advisors Inc's holdings in Carrier Global were worth $6,736,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company's stock valued at $543,000 after purchasing an additional 1,850 shares in the last quarter. Proficio Capital Partners LLC lifted its position in Carrier Global by 62.6% during the 4th quarter. Proficio Capital Partners LLC now owns 7,198 shares of the company's stock valued at $491,000 after acquiring an additional 2,770 shares during the period. Teacher Retirement System of Texas lifted its position in Carrier Global by 782.7% during the 4th quarter. Teacher Retirement System of Texas now owns 47,923 shares of the company's stock valued at $3,271,000 after acquiring an additional 42,494 shares during the period. Blueshift Asset Management LLC purchased a new position in Carrier Global during the 4th quarter valued at about $241,000. Finally, TD Private Client Wealth LLC lifted its position in Carrier Global by 57.7% during the 4th quarter. TD Private Client Wealth LLC now owns 13,554 shares of the company's stock valued at $925,000 after acquiring an additional 4,958 shares during the period. Institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. 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. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $79.00 target price on shares of Carrier Global in a research note on Tuesday, July 15th. Royal Bank Of Canada raised their price target on shares of Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, May 20th. Melius Research upgraded shares of Carrier Global to a "hold" rating and set a $90.00 target price for the company in a research note on Tuesday, July 1st. Finally, Robert W. Baird reduced their price target on shares of Carrier Global from $88.00 to $85.00 and set an "outperform" rating for the company in a research report on Thursday, July 17th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Carrier Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.65.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction on Thursday, June 5th. The stock was 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 owned 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.20% of the stock is currently owned by corporate insiders.

Carrier Global Stock Up 4.8%

Carrier Global stock traded up $3.66 during mid-day trading on Wednesday, hitting $80.08. The company had a trading volume of 3,777,666 shares, compared to its average volume of 5,257,354. The stock has a market cap of $68.65 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 2.07 and a beta of 1.31. Carrier Global Corporation has a 1 year low of $54.22 and a 1 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 business has a fifty day moving average of $73.11 and a 200 day moving average of $67.87.

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. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a net margin of 25.45% and a return on equity of 18.10%. The firm's revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. On average, sell-side analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio is presently 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.