Carrier Global Corporation (NYSE:CARR) Shares Bought 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 grew its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 844.3% during the 1st quarter, according to its most recent Form 13F filing 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 quarter. Liberty Wealth Management LLC's holdings in Carrier Global were worth $1,909,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brown Advisory Inc. raised its holdings in shares of Carrier Global by 82.6% in the first quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company's stock valued at $613,330,000 after purchasing an additional 4,377,402 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Carrier Global by 16.7% during the fourth quarter. Northern Trust Corp now owns 8,847,377 shares of the company's stock worth $603,922,000 after buying an additional 1,266,137 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Carrier Global by 15.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,930,061 shares of the company's stock valued at $473,046,000 after buying an additional 936,892 shares in the last quarter. Invesco Ltd. grew its stake in Carrier Global by 40.3% during the fourth quarter. Invesco Ltd. now owns 5,057,148 shares of the company's stock worth $345,201,000 after buying an additional 1,453,247 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Carrier Global by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,736,148 shares of the company's stock valued at $323,301,000 after purchasing an additional 382,670 shares in the last quarter. Institutional investors and hedge funds 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 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 sale, the director directly owned 54,341,534 shares in the company, valued at $3,820,209,840.20. This trade represents a 7.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.20% of the stock is currently owned by corporate insiders.

Carrier Global Stock Up 0.4%

Shares of CARR stock traded up $0.29 on Thursday, hitting $66.40. The stock had a trading volume of 3,847,806 shares, compared to its average volume of 5,325,067. The business has a 50 day moving average of $73.04 and a 200 day moving average of $68.27. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The stock has a market cap of $56.51 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 1.82 and a beta of 1.25. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted 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. The firm had revenue of $6.11 billion for the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. As a group, analysts expect that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.4%. Carrier Global's dividend payout ratio (DPR) is currently 19.61%.

Analyst Ratings Changes

CARR has been the topic of a number of research reports. Melius assumed coverage on Carrier Global in a research report on Tuesday, July 1st. They set a "hold" rating and a $90.00 target price on the stock. Wells Fargo & Company increased their target price on shares of Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. restated a "neutral" rating and set a $79.00 price target on shares of Carrier Global in a research note on Tuesday, July 15th. Mizuho set a $72.00 price target on Carrier Global in a research report on Tuesday, April 22nd. Finally, Barclays dropped their price target on Carrier Global from $84.00 to $82.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Carrier Global has an average rating of "Moderate Buy" and a consensus price target of $84.47.

Carrier Global Company 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.