Lifeworks Advisors LLC Has $2.51 Million Stake in Carrier Global Corporation (NYSE:CARR)

Lifeworks Advisors LLC boosted its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 236.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,536 shares of the company's stock after purchasing an additional 27,801 shares during the quarter. Lifeworks Advisors LLC's holdings in Carrier Global were worth $2,507,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CARR. Syon Capital LLC grew its stake in shares of Carrier Global by 2.2% in the 4th quarter. Syon Capital LLC now owns 7,089 shares of the company's stock worth $484,000 after purchasing an additional 155 shares during the last quarter. Lindbrook Capital LLC grew its position 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 purchasing an additional 156 shares in the last quarter. Code Waechter LLC grew its position 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 purchasing an additional 164 shares in the last quarter. Essex Financial Services Inc. lifted its stake in Carrier Global by 0.4% in the first quarter. Essex Financial Services Inc. now owns 41,778 shares of the company's stock valued at $2,649,000 after acquiring an additional 173 shares during the last quarter. Finally, Beck Mack & Oliver LLC lifted its stake in Carrier Global by 1.9% in the fourth quarter. Beck Mack & Oliver LLC now owns 9,124 shares of the company's stock valued at $623,000 after acquiring an additional 174 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CARR has been the subject of a number of analyst reports. Melius started coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They issued a "hold" rating and a $90.00 price objective for the company. Robert W. Baird lowered their target price on shares of Carrier Global from $88.00 to $85.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th. Mizuho set a $72.00 target price on shares of Carrier Global in a research note on Tuesday, April 22nd. Barclays upped their target price on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Finally, Melius Research upgraded shares of Carrier Global to a "hold" rating and set a $90.00 price target on the stock in a research report on Tuesday, July 1st. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Carrier Global has an average rating of "Moderate Buy" and an average price target of $84.65.

Insider Buying and Selling at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the business's 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 completion of the transaction, the director owned 54,341,534 shares of the company's stock, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.20% of the company's stock.

Carrier Global Stock Performance

CARR stock traded up $1.28 during midday trading on Friday, reaching $80.72. 3,401,234 shares of the company were exchanged, compared to its average volume of 3,799,481. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.20 and a quick ratio of 0.83. The business has a 50-day moving average price of $73.54 and a two-hundred day moving average price of $68.21. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The firm has a market capitalization of $69.21 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.65 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 during the quarter, compared to analysts' expectations of $5.17 billion. During the same period in the previous year, the business posted $0.51 earnings per share. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. Equities research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio is currently 13.93%.

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.