One Wealth Advisors LLC Makes New Investment in Carrier Global Corporation (NYSE:CARR)

One Wealth Advisors LLC acquired a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,398 shares of the company's stock, valued at approximately $215,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Lifeworks Advisors LLC lifted its stake in shares of Carrier Global by 236.9% in the 1st quarter. Lifeworks Advisors LLC now owns 39,536 shares of the company's stock valued at $2,507,000 after purchasing an additional 27,801 shares during the last quarter. Advisor OS LLC lifted its position in Carrier Global by 34.9% during the 1st quarter. Advisor OS LLC now owns 18,639 shares of the company's stock worth $1,182,000 after acquiring an additional 4,826 shares during the last quarter. Carnegie Investment Counsel acquired a new position in Carrier Global during the 1st quarter worth $299,000. Pinnacle Associates Ltd. lifted its position in Carrier Global by 4.4% during the 1st quarter. Pinnacle Associates Ltd. now owns 39,723 shares of the company's stock worth $2,518,000 after acquiring an additional 1,657 shares during the last quarter. Finally, Dempze Nancy E lifted its position in Carrier Global by 27.4% during the 1st quarter. Dempze Nancy E now owns 47,759 shares of the company's stock worth $3,028,000 after acquiring an additional 10,277 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Stock Performance

CARR traded up $1.28 on Friday, reaching $80.72. The company had a trading volume of 3,401,234 shares, compared to its average volume of 3,799,481. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The stock has a market cap of $69.21 billion, a P/E ratio of 12.50, a P/E/G ratio of 2.17 and a beta of 1.31. The company's fifty day moving average is $73.54 and its 200 day moving average is $68.21. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 1.20.

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

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be given 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 dividend yield of 1.11%. Carrier Global's payout ratio is presently 13.93%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CARR. The Goldman Sachs Group reissued a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Robert W. Baird lowered their target price on shares of Carrier Global from $88.00 to $85.00 and set an "outperform" rating on the stock in a research note on Thursday, July 17th. Mizuho set a $72.00 target price on shares of Carrier Global in a research note on Tuesday, April 22nd. Wells Fargo & Company upped their target price on shares of Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Finally, Royal Bank Of Canada upped their target price on shares of Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a research note on Tuesday, May 20th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.65.

Insider Activity

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the transaction, the director owned 54,341,534 shares in the company, valued at $3,820,209,840.20. This represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.20% of the stock is currently owned by insiders.

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.