Carrier Global Corporation (NYSE:CARR) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC lifted its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 24.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,100 shares of the company's stock after purchasing an additional 5,860 shares during the quarter. Summit Trail Advisors LLC's holdings in Carrier Global were worth $1,908,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CARR. BOK Financial Private Wealth Inc. raised its holdings in Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after buying an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE increased its position in shares of Carrier Global by 90.0% during the fourth 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 during the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Carrier Global in the 4th quarter valued at approximately $28,000. Mattson Financial Services LLC acquired a new position in shares of Carrier Global in the 4th quarter worth approximately $31,000. Finally, Investment Research & Advisory Group Inc. purchased a new position in shares of Carrier Global during the 1st quarter worth approximately $29,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Carrier Global

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the firm's 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 sale, the director 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.20% of the stock is owned by company insiders.

Carrier Global Stock Up 1.3%

Shares of Carrier Global stock traded up $0.98 during trading on Wednesday, hitting $75.28. 3,606,600 shares of the stock were exchanged, compared to its average volume of 4,676,868. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.20 and a quick ratio of 0.83. The firm's 50-day moving average price is $70.53 and its 200 day moving average price is $67.24. The stock has a market cap of $64.54 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 2.05 and a beta of 1.31. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a return on equity of 18.10% and a net margin of 25.45%. Carrier Global's revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. As a group, analysts forecast 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. Investors of record on Monday, July 21st will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global's payout ratio is 13.93%.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Barclays lifted their price objective on Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Mizuho set a $72.00 target price on Carrier Global in a research note on Tuesday, April 22nd. Melius Research raised Carrier Global to a "hold" rating and set a $90.00 target price for the company in a research report on Tuesday. Finally, Robert W. Baird increased their price target on shares of Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.82.

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.