MJP Associates Inc. ADV Increases Position in Carrier Global Corporation (NYSE:CARR)

MJP Associates Inc. ADV lifted its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 30.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,192 shares of the company's stock after buying an additional 3,328 shares during the period. MJP Associates Inc. ADV's holdings in Carrier Global were worth $900,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CARR. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Carrier Global by 90.0% in 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 during the period. Park Square Financial Group LLC purchased a new position in Carrier Global during the fourth quarter worth about $28,000. Investment Research & Advisory Group Inc. acquired a new stake in Carrier Global in the first quarter valued at about $29,000. Mattson Financial Services LLC purchased a new stake in Carrier Global in the 4th quarter valued at approximately $31,000. Finally, Meeder Asset Management Inc. increased its position in Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after purchasing an additional 340 shares during the period. Hedge funds and other institutional investors own 91.00% of the company's stock.

Insider Buying and Selling

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the business's 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 $3,820,209,840.20. The trade was a 7.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.20% of the company's stock.

Carrier Global Stock Up 1.4%

CARR opened at $76.94 on Friday. The business's fifty day simple moving average is $72.44 and its 200 day simple moving average is $67.57. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 0.78. The firm has a market cap of $65.96 billion, a P/E ratio of 11.91, a PEG ratio of 2.07 and a beta of 1.31. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a return on equity of 18.10% and a net margin of 25.45%. The business's revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share. As a group, equities research analysts anticipate 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. Investors of record on Monday, July 21st will be given a $0.225 dividend. The ex-dividend date is Monday, July 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.17%. Carrier Global's dividend payout ratio is presently 13.93%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CARR shares. Citigroup decreased their price target on Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. increased their price target on shares of Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Barclays raised their price objective on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Northcoast Research upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price on the stock in a research report on Friday, May 9th. Finally, Melius initiated coverage on shares of Carrier Global in a research report on Tuesday, July 1st. They set a "hold" rating and a $90.00 price target for the company. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $83.82.

Carrier Global 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.

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