Carrier Global Corporation (NYSE:CARR) Shares Purchased by Liberty Wealth Management LLC

Key Points

• Liberty Wealth Management LLC increased its stock holdings in Carrier Global Corporation by 844.3% during the first quarter, acquiring an additional 26,924 shares to reach a total of 30,113 shares, valued at $1,909,000.
• Several hedge funds have also significantly increased their positions in Carrier Global, with Brown Advisory Inc. raising its stake by 82.6%, bringing their total to 9,673,979 shares worth $613,330,000.
• Carrier Global recently declared a $0.225 quarterly dividend scheduled for payment on August 8th, representing an annualized yield of 1.3% and a payout ratio of 19.61%.

Liberty Wealth Management LLC boosted its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 844.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,113 shares of the company's stock after purchasing an additional 26,924 shares during the period. Liberty Wealth Management LLC's holdings in Carrier Global were worth $1,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Syon Capital LLC increased its holdings in Carrier Global by 2.2% during the fourth quarter. Syon Capital LLC now owns 7,089 shares of the company's stock valued at $484,000 after buying an additional 155 shares during the period. Lindbrook Capital LLC increased its holdings in Carrier Global by 1.3% during the first quarter. Lindbrook Capital LLC now owns 12,294 shares of the company's stock valued at $779,000 after buying an additional 156 shares during the period. Code Waechter LLC increased its holdings in Carrier Global by 5.1% during the first quarter. Code Waechter LLC now owns 3,383 shares of the company's stock valued at $214,000 after buying an additional 164 shares during the period. Essex Financial Services Inc. increased its holdings in Carrier Global by 0.4% during the first quarter. Essex Financial Services Inc. now owns 41,778 shares of the company's stock valued at $2,649,000 after buying an additional 173 shares during the period. Finally, Beck Mack & Oliver LLC increased its holdings in Carrier Global by 1.9% during the fourth quarter. Beck Mack & Oliver LLC now owns 9,124 shares of the company's stock valued at $623,000 after buying an additional 174 shares during the period. Institutional investors own 91.00% of the company's stock.

Insider Activity

In other news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction 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 directly owned 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.20% of the company's stock.

Carrier Global Trading Down 0.3%

Shares of Carrier Global stock traded down $0.17 during mid-day trading on Tuesday, hitting $66.37. The stock had a trading volume of 3,658,898 shares, compared to its average volume of 5,190,116. The firm has a 50-day moving average of $73.26 and a two-hundred day moving average of $68.30. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. The firm has a market cap of $56.48 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.25.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The firm had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Sell-side analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders 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 dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global's payout ratio is 19.61%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Northcoast Research raised shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a report on Friday, May 9th. Citigroup reissued a "buy" rating and set a $89.00 price objective (up from $82.00) on shares of Carrier Global in a report on Monday, July 14th. Mizuho set a $72.00 price target on shares of Carrier Global in a report on Tuesday, April 22nd. Royal Bank Of Canada cut their price target on shares of Carrier Global from $89.00 to $87.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Finally, Melius Research raised shares of Carrier Global to a "hold" rating and set a $90.00 price target on the stock in a report on Tuesday, July 1st. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Carrier Global currently has an average rating of "Moderate Buy" and a consensus target price of $84.47.

About Carrier Global

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.