Carrier Global Corporation (NYSE:CARR) Shares Acquired by Nicolet Advisory Services LLC

Key Points

• Nicolet Advisory Services LLC increased its holdings in Carrier Global Corporation by 59.3%, acquiring an additional 5,360 shares, bringing its total ownership to 14,401 shares valued at approximately $850,000.
• Several hedge funds adjusted their stakes in Carrier Global, with Golden State Wealth Management and Bessemer Group increasing their holdings by 51.8% and 15.7%, respectively, during the first quarter.
• Carrier Global recently announced a quarterly dividend of $0.225 per share, with an ex-dividend date of July 21st, representing an annualized yield of 1.3%.

Nicolet Advisory Services LLC raised its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 59.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,401 shares of the company's stock after buying an additional 5,360 shares during the quarter. Nicolet Advisory Services LLC's holdings in Carrier Global were worth $850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ritter Daniher Financial Advisory LLC DE increased its stake in 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 last quarter. Park Square Financial Group LLC purchased a new position in shares of Carrier Global in the fourth quarter valued at $28,000. Investment Research & Advisory Group Inc. bought a new stake in Carrier Global in the first quarter worth $29,000. Mattson Financial Services LLC purchased a new position in shares of Carrier Global during the 4th quarter worth about $31,000. Finally, Mascagni Wealth Management Inc. bought a new position in Carrier Global during the 4th quarter valued at about $35,000. Institutional investors own 91.00% of the company's stock.

Carrier Global Stock Down 2.5%

CARR traded down $1.72 on Friday, hitting $66.90. The company had a trading volume of 5,450,797 shares, compared to its average volume of 5,091,293. The stock has a market capitalization of $56.93 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 1.83 and a beta of 1.25. 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 fifty day moving average price of $73.35 and a 200-day moving average price of $68.32. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32.

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 for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business 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%. Analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently disclosed 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 1.3%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio is currently 19.61%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. The Goldman Sachs Group reissued a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Mizuho set a $72.00 price target on Carrier Global in a research note on Tuesday, April 22nd. Citigroup restated a "buy" rating and set a $89.00 price objective (up previously from $82.00) on shares of Carrier Global in a report on Monday, July 14th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $79.00 target price on shares of Carrier Global in a research note on Tuesday, July 15th. Finally, Barclays decreased their target price on Carrier Global from $84.00 to $82.00 and set an "overweight" rating for the company in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and ten have given a 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 $84.47.

Insider Activity at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the transaction, the director directly owned 54,341,534 shares in the company, 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 through this link. Corporate insiders own 7.20% of the company's stock.

Carrier Global Company 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.