Natixis Advisors LLC Acquires 11,117 Shares of Carrier Global Corporation (NYSE:CARR)

Key Points

• Natixis Advisors LLC increased its stake in Carrier Global Corporation by 4.5% in the first quarter, acquiring an additional 11,117 shares, bringing its total holdings to 256,715 shares valued at approximately $16.3 million.
• The company's stock recently experienced a decrease of 2.5%, with a current market capitalization of $56.93 billion and a P/E ratio of 14.58.
• Carrier Global announced a quarterly dividend of $0.225 per share, which will be paid on August 8th, representing an annualized yield of 1.3%.

Natixis Advisors LLC raised its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 4.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 256,715 shares of the company's stock after buying an additional 11,117 shares during the quarter. Natixis Advisors LLC's holdings in Carrier Global were worth $16,276,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CARR. Brown Advisory Inc. increased its holdings in shares of Carrier Global by 82.6% during the first quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company's stock worth $613,330,000 after buying an additional 4,377,402 shares in the last quarter. Invesco Ltd. increased its holdings in Carrier Global by 40.3% in the 4th quarter. Invesco Ltd. now owns 5,057,148 shares of the company's stock worth $345,201,000 after purchasing an additional 1,453,247 shares in the last quarter. Northern Trust Corp boosted its stake 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 valued at $603,922,000 after purchasing an additional 1,266,137 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Carrier Global by 2,484.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,122,545 shares of the company's stock worth $76,625,000 after purchasing an additional 1,079,103 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Carrier Global by 7,043.4% in the first quarter. GAMMA Investing LLC now owns 1,058,653 shares of the company's stock valued at $67,119,000 after buying an additional 1,043,833 shares during the period. 91.00% of the stock is owned by institutional investors.

Carrier Global Trading Up 0.4%

CARR traded up $0.29 during midday trading on Thursday, hitting $66.40. The company's stock had a trading volume of 3,847,806 shares, compared to its average volume of 5,325,067. The firm has a market cap of $56.51 billion, a P/E ratio of 14.47, a PEG ratio of 1.82 and a beta of 1.25. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $83.32. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $73.04 and a two-hundred day moving average price of $68.27.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (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 net margin of 18.33% and a return on equity of 17.83%. On average, research analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.4%. Carrier Global's dividend payout ratio is currently 19.61%.

Wall Street Analyst Weigh In

CARR has been the topic of a number of recent analyst reports. Mizuho set a $72.00 price target on shares of Carrier Global in a research report on Tuesday, April 22nd. Melius Research upgraded Carrier Global to a "hold" rating and set a $90.00 target price on the stock in a research report on Tuesday, July 1st. Robert W. Baird cut their price target on Carrier Global from $85.00 to $84.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. The Goldman Sachs Group reiterated a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $79.00 price target on shares of Carrier Global in a report on Tuesday, July 15th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Carrier Global has a consensus rating of "Moderate Buy" and an average target price of $84.47.

Insider Buying and Selling

In other news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global 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 transaction, the director directly owned 54,341,534 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Corporate insiders own 7.20% of the company's stock.

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.