OVERSEA CHINESE BANKING Corp Ltd Invests $217,000 in Carrier Global Corporation (NYSE:CARR)

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Carrier Global Corporation (NYSE:CARR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,424 shares of the company's stock, valued at approximately $217,000.

A number of other institutional investors have also bought and sold shares of CARR. Apollon Wealth Management LLC boosted its holdings in shares of Carrier Global by 10.7% during the 1st quarter. Apollon Wealth Management LLC now owns 28,757 shares of the company's stock valued at $1,823,000 after purchasing an additional 2,774 shares during the last quarter. Sigma Planning Corp boosted its holdings in shares of Carrier Global by 8.3% during the 1st quarter. Sigma Planning Corp now owns 13,999 shares of the company's stock valued at $888,000 after purchasing an additional 1,076 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Carrier Global by 5.5% during the 1st quarter. Signaturefd LLC now owns 19,374 shares of the company's stock valued at $1,228,000 after purchasing an additional 1,009 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Carrier Global by 2.7% during the 1st quarter. Bleakley Financial Group LLC now owns 53,794 shares of the company's stock valued at $3,411,000 after purchasing an additional 1,422 shares during the last quarter. Finally, Prudent Man Advisors LLC boosted its holdings in shares of Carrier Global by 2.2% during the 1st quarter. Prudent Man Advisors LLC now owns 9,475 shares of the company's stock valued at $601,000 after purchasing an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Trading Up 2.0%

Shares of NYSE:CARR traded up $1.49 during trading on Thursday, reaching $76.92. 2,778,030 shares of the company were exchanged, compared to its average volume of 4,678,462. The firm has a market capitalization of $65.95 billion, a PE ratio of 26.10, a P/E/G ratio of 2.06 and a beta of 1.31. The business's fifty day simple moving average is $72.88 and its 200-day simple moving average is $67.75. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.20 and a quick ratio of 0.83.

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

Carrier Global Announces Dividend

The firm 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 dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global's payout ratio is 13.93%.

Insider Transactions at Carrier Global

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $79.00 price target on shares of Carrier Global in a report on Tuesday. Royal Bank Of Canada increased their price target on shares of Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, May 20th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a report on Wednesday, May 21st. Citigroup reaffirmed a "buy" rating and issued a $89.00 price target (up previously from $82.00) on shares of Carrier Global in a report on Monday. Finally, Mizuho set a $72.00 price target on shares of Carrier Global in a report on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Carrier Global presently has an average rating of "Moderate Buy" and a consensus target price of $84.65.

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.