Little House Capital LLC Boosts Stock Position in Carrier Global Corporation (NYSE:CARR)

Little House Capital LLC lifted its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 42.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 16,764 shares of the company's stock after purchasing an additional 5,012 shares during the period. Little House Capital LLC's holdings in Carrier Global were worth $1,063,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BOK Financial Private Wealth Inc. grew its position in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after buying an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after acquiring an additional 180 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of Carrier Global during the 4th quarter worth approximately $28,000. Investment Research & Advisory Group Inc. bought a new position in shares of Carrier Global during the 1st quarter worth approximately $29,000. Finally, Mattson Financial Services LLC bought a new position in shares of Carrier Global during the 4th quarter worth approximately $31,000. 91.00% of the stock is currently owned by institutional investors.

Insider Transactions at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the company's stock in a transaction that occurred on 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 transaction, the director now directly owns 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.20% of the company's stock.

Carrier Global Price Performance

CARR traded up $1.11 during trading on Friday, hitting $73.70. The company's stock had a trading volume of 6,162,772 shares, compared to its average volume of 4,666,376. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32. The business's fifty day simple moving average is $69.94 and its 200 day simple moving average is $67.23. The firm has a market capitalization of $63.19 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 2.07 and a beta of 1.33.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. The company had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $5.17 billion. Carrier Global had a net margin of 25.45% and a return on equity of 18.10%. Carrier Global's revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. On average, equities research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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 1.22%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio is currently 13.93%.

Analyst Upgrades and Downgrades

CARR has been the subject of several recent analyst reports. Mizuho set a $72.00 price objective on shares of Carrier Global in a research note on Tuesday, April 22nd. Robert W. Baird boosted their price objective on shares of Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 20th. The Goldman Sachs Group reiterated a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Royal Bank Of Canada upped their price target on shares of Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a research note on Tuesday, May 20th. Finally, Wells Fargo & Company raised their price target on shares of Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.00.

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.