SG Americas Securities LLC Acquires 40,044 Shares of Carrier Global Co. (NYSE:CARR)

SG Americas Securities LLC lifted its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 2,163.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,895 shares of the company's stock after buying an additional 40,044 shares during the quarter. SG Americas Securities LLC's holdings in Carrier Global were worth $2,656,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. BOK Financial Private Wealth Inc. grew its holdings in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after purchasing an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE grew its stake 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 valued at $26,000 after buying an additional 180 shares during the period. Park Square Financial Group LLC bought a new stake in Carrier Global in the 4th quarter valued at about $28,000. Mattson Financial Services LLC acquired a new position in Carrier Global during the 4th quarter worth approximately $31,000. Finally, Bradley & Co. Private Wealth Management LLC acquired a new stake in Carrier Global in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Stock Performance

Shares of NYSE CARR traded up $0.23 during trading on Monday, reaching $71.47. 1,020,083 shares of the stock traded hands, compared to its average volume of 4,673,476. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The stock has a market capitalization of $61.27 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 52-week low of $54.22 and a 52-week high of $83.32. The company has a 50-day moving average of $67.57 and a 200-day moving average of $67.41.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The company's revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. Analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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 issued a dividend of $0.225 per share. The ex-dividend date is Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.26%. Carrier Global's payout ratio is 13.93%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CARR. Barclays increased their target price on Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. The Goldman Sachs Group reissued a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Mizuho set a $72.00 price target on Carrier Global in a research report on Tuesday, April 22nd. Robert W. Baird boosted their price target on shares of Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a report on Tuesday, May 20th. Finally, Royal Bank of Canada upped their price objective on shares of Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.00.

Insiders Place Their Bets

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 54,341,534 shares in the company, valued at $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company 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.