Kentucky Retirement Systems Insurance Trust Fund Takes Position in Carrier Global Corporation (NYSE:CARR)

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 24,399 shares of the company's stock, valued at approximately $1,547,000.

Other institutional investors also recently modified their holdings of the company. Syon Capital LLC raised its holdings in Carrier Global by 2.2% in the 4th quarter. Syon Capital LLC now owns 7,089 shares of the company's stock valued at $484,000 after acquiring an additional 155 shares in the last quarter. BOK Financial Private Wealth Inc. grew its position in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after acquiring an additional 160 shares during the period. Wealthspire Advisors LLC raised its stake in Carrier Global by 3.7% during the fourth quarter. Wealthspire Advisors LLC now owns 4,473 shares of the company's stock worth $305,000 after acquiring an additional 161 shares in the last quarter. Lake Street Advisors Group LLC lifted its holdings in shares of Carrier Global by 0.8% during the fourth quarter. Lake Street Advisors Group LLC now owns 20,128 shares of the company's stock valued at $1,378,000 after acquiring an additional 169 shares during the period. Finally, Beck Mack & Oliver LLC boosted its stake in shares of Carrier Global by 1.9% in the 4th quarter. Beck Mack & Oliver LLC now owns 9,124 shares of the company's stock valued at $623,000 after purchasing an additional 174 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Insider Buying and Selling at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction dated 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 sale, the director now owns 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on CARR. Royal Bank Of Canada increased their price target on Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a research note on Friday, May 9th. Robert W. Baird lifted their price target on Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a report on Tuesday, May 20th. Mizuho set a $72.00 price objective on shares of Carrier Global in a report on Tuesday, April 22nd. Finally, Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a research report on Monday, February 24th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.00.

Carrier Global Trading Up 1.0%

Shares of CARR traded up $0.75 during trading hours on Tuesday, reaching $72.53. The stock had a trading volume of 3,646,300 shares, compared to its average volume of 4,702,678. The firm has a 50-day moving average of $69.14 and a 200 day moving average of $67.24. 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 cap of $62.18 billion, a P/E ratio of 11.23, a P/E/G ratio of 2.01 and a beta of 1.33. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32.

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 the consensus estimate of $0.58 by $0.07. Carrier Global had a return on equity of 18.10% and a net margin of 25.45%. The business had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $5.17 billion. During the same quarter in the previous year, the business posted $0.51 EPS. Carrier Global's revenue for the quarter was down 3.7% on a year-over-year basis. 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 company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders 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 1.24%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global's dividend payout ratio (DPR) 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.