Carrier Global Corporation (NYSE:CARR) Shares Purchased by Natixis Advisors LLC

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 grew its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 4.5% during the first quarter, according to its most recent 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 period. Natixis Advisors LLC's holdings in Carrier Global were worth $16,276,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ritter Daniher Financial Advisory LLC DE raised its position 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 valued at $26,000 after purchasing an additional 180 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of Carrier Global in the 4th quarter valued at approximately $28,000. Mattson Financial Services LLC purchased a new position in shares of Carrier Global in the 4th quarter valued at approximately $31,000. Investment Research & Advisory Group Inc. purchased a new position in shares of Carrier Global in the 1st quarter valued at approximately $29,000. Finally, Mascagni Wealth Management Inc. purchased a new position in Carrier Global during the 4th quarter worth approximately $35,000. 91.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Northcoast Research raised shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target for the company in a research report on Friday, May 9th. Robert W. Baird reduced their price target on shares of Carrier Global from $85.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Royal Bank Of Canada dropped their price objective on shares of Carrier Global from $89.00 to $87.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Finally, Mizuho set a $72.00 price objective on shares of Carrier Global in a research note on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Carrier Global presently has an average rating of "Moderate Buy" and a consensus target price of $84.47.

Insider Transactions 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 shares were sold at an average price of $70.30, for a total value of $299,999,977.50. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.20% of the company's stock.

Carrier Global Trading Down 0.3%

Shares of CARR stock traded down $0.17 on Tuesday, hitting $66.37. 3,658,898 shares of the stock traded hands, compared to its average volume of 5,190,116. The firm's 50-day moving average price is $73.26 and its two-hundred day moving average price is $68.30. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. The stock has a market capitalization of $56.48 billion, a PE ratio of 14.46, a PEG ratio of 1.83 and a beta of 1.25. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $6.11 billion for the quarter, compared to analysts' expectations of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. As a group, analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

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

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.