MJP Associates Inc. ADV Has $900,000 Position in Carrier Global Corporation (NYSE:CARR)

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

Several other institutional investors and hedge funds have also modified their holdings of CARR. Geode Capital Management LLC grew its stake in Carrier Global by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company's stock worth $1,181,300,000 after buying an additional 420,081 shares in the last quarter. Brown Advisory Inc. lifted 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 worth $613,330,000 after acquiring an additional 4,377,402 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Carrier Global by 16.7% in the fourth quarter. Northern Trust Corp now owns 8,847,377 shares of the company's stock worth $603,922,000 after acquiring an additional 1,266,137 shares during the last quarter. Norges Bank bought a new position in shares of Carrier Global in the fourth quarter worth about $588,029,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 worth $473,046,000 after acquiring an additional 936,892 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions 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 value of $299,999,977.50. Following the completion of the sale, the director owned 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 7.20% of the company's stock.

Carrier Global Trading Down 0.0%

Carrier Global stock traded down $0.00 during mid-day trading on Monday, hitting $76.62. 2,566,386 shares of the stock were exchanged, compared to its average volume of 5,332,811. The stock has a market capitalization of $65.68 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 2.09 and a beta of 1.31. 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 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 0.78. The firm's fifty day simple moving average is $72.55 and its two-hundred day simple moving average is $67.59.

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, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a net margin of 25.45% and a return on equity of 18.10%. The company's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. Analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The business 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 1.17%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio (DPR) is 13.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Citigroup increased their target price on shares of Carrier Global from $82.00 to $89.00 and gave the stock a "buy" rating in a report on Monday. Melius started coverage on shares of Carrier Global in a report on Tuesday, July 1st. They issued a "hold" rating and a $90.00 price objective for the company. Northcoast Research upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a report on Friday, May 9th. Royal Bank Of Canada raised their price objective on shares of Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, May 20th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Carrier Global in a report on Wednesday, May 21st. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $84.82.

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.