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Koshinski Asset Management Inc. Purchases New Position in Carrier Global Corporation (NYSE:CARR)

Carrier Global logo with Construction background

Koshinski Asset Management Inc. acquired a new stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,463 shares of the company's stock, valued at approximately $220,000.

A number of other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Carrier Global during the fourth quarter worth $588,029,000. Wealthfront Advisers LLC raised its stake in Carrier Global by 5,840.1% during the 4th quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock worth $341,300,000 after buying an additional 4,915,826 shares during the period. Brown Advisory Inc. raised its stake in Carrier Global by 139.1% during the 4th quarter. Brown Advisory Inc. now owns 5,296,577 shares of the company's stock worth $361,544,000 after buying an additional 3,080,984 shares during the period. Artisan Partners Limited Partnership bought a new position in Carrier Global during the fourth quarter worth about $166,061,000. Finally, Raymond James Financial Inc. acquired a new position in Carrier Global in the fourth quarter valued at about $108,433,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analyst Weigh In

CARR has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Wells Fargo & Company boosted their target price on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Royal Bank Of Canada upped 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. Robert W. Baird lifted their price objective on shares of Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a report on Tuesday, May 20th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $83.82.

View Our Latest Stock Report on CARR

Carrier Global Trading Up 0.0%

Shares of Carrier Global stock opened at $75.29 on Friday. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $83.32. The stock has a market cap of $64.55 billion, a PE ratio of 11.65, a PEG ratio of 2.08 and a beta of 1.31. The firm has a 50-day moving average of $71.17 and a 200-day moving average of $67.32. 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 (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, topping analysts' consensus estimates of $0.58 by $0.07. Carrier Global had a net margin of 25.45% and a return on equity of 18.10%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The business's revenue was down 3.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders 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 1.20%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio (DPR) is currently 13.93%.

Insider Activity at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the company's stock in a transaction dated 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 owned 54,341,534 shares of the company's stock, valued at $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 7.20% of the company's stock.

Carrier Global Profile

(Free Report)

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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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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