Oak Thistle LLC Invests $1.32 Million in Carrier Global Corporation (NYSE:CARR)

Oak Thistle LLC bought a new position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,775 shares of the company's stock, valued at approximately $1,317,000.

Several other institutional investors also recently modified their holdings of CARR. Ritter Daniher Financial Advisory LLC DE boosted its holdings 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 buying an additional 180 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in Carrier Global during the fourth quarter valued at about $28,000. Investment Research & Advisory Group Inc. purchased a new stake in Carrier Global during the first quarter valued at about $29,000. Mattson Financial Services LLC bought a new stake in shares of Carrier Global during the fourth quarter valued at about $31,000. Finally, Meeder Asset Management Inc. increased its position in shares of Carrier Global by 236.1% in the fourth 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 last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Up 1.6%

NYSE CARR traded up $1.28 during trading on Friday, reaching $80.72. 3,401,234 shares of the company's stock were exchanged, compared to its average volume of 5,255,698. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $83.32. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 1.20. The stock has a market cap of $69.21 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31. The company has a 50 day moving average price of $73.44 and a two-hundred day moving average price of $68.13.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Carrier Global had a return on equity of 18.10% and a net margin of 25.45%. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the previous year, the business earned $0.51 EPS. The business's quarterly revenue was down 3.7% on a year-over-year basis. On average, equities research analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, July 21st will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Monday, July 21st. Carrier Global's payout ratio is currently 13.93%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CARR. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $79.00 price target on shares of Carrier Global in a research report on Tuesday, July 15th. The Goldman Sachs Group reiterated a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. 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 report on Friday, May 9th. Robert W. Baird cut their target price on shares of Carrier Global from $88.00 to $85.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th. Finally, Citigroup reiterated a "buy" rating and set a $89.00 target price (up from $82.00) on shares of Carrier Global in a report on Monday, July 14th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.65.

Insider Buying and Selling at Carrier Global

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the business's 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 completion of the sale, the director directly owned 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. The trade was a 7.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.20% of the company's stock.

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.