Segall Bryant & Hamill LLC Raises Stock Position in Carrier Global Corporation (NYSE:CARR)

Segall Bryant & Hamill LLC grew its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 13.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 273,589 shares of the company's stock after buying an additional 31,784 shares during the period. Segall Bryant & Hamill LLC's holdings in Carrier Global were worth $17,346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CARR. Ritter Daniher Financial Advisory LLC DE lifted its position 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 valued at $26,000 after acquiring an additional 180 shares in the last quarter. Park Square Financial Group LLC bought a new stake in Carrier Global during the 4th quarter worth about $28,000. Mattson Financial Services LLC bought a new stake in Carrier Global during the 4th quarter worth about $31,000. Investment Research & Advisory Group Inc. bought a new stake in Carrier Global during the 1st quarter worth about $29,000. Finally, Meeder Asset Management Inc. lifted its position in Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on CARR shares. Citigroup restated a "buy" rating and set a $89.00 price objective (up from $82.00) on shares of Carrier Global in a research note on Monday, July 14th. Mizuho set a $72.00 price target on shares of Carrier Global in a research note on Tuesday, April 22nd. Barclays upped their price target on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada upped their price target 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. Finally, Robert W. Baird decreased their price target 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. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.65.

Carrier Global Trading Down 0.3%

NYSE CARR traded down $0.25 on Friday, hitting $76.68. The company's stock had a trading volume of 5,031,716 shares, compared to its average volume of 4,690,216. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 0.78. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The company's 50-day moving average is $73.11 and its 200 day moving average is $67.87. The firm has a market cap of $65.74 billion, a PE ratio of 11.87, a PEG ratio of 2.09 and a beta of 1.31.

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

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Monday, July 21st. Carrier Global's payout ratio is 13.93%.

Insider Buying and Selling

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the firm's 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. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.