TD Private Client Wealth LLC Boosts Stake in Carrier Global Corporation (NYSE:CARR)

TD Private Client Wealth LLC grew its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 60.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,712 shares of the company's stock after acquiring an additional 8,158 shares during the period. TD Private Client Wealth LLC's holdings in Carrier Global were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Syon Capital LLC boosted its holdings in Carrier Global by 2.2% in the 4th quarter. Syon Capital LLC now owns 7,089 shares of the company's stock worth $484,000 after buying an additional 155 shares during the period. Essex Financial Services Inc. lifted its stake in Carrier Global by 0.4% in the 1st quarter. Essex Financial Services Inc. now owns 41,778 shares of the company's stock worth $2,649,000 after purchasing an additional 173 shares in the last quarter. Beck Mack & Oliver LLC lifted its stake in Carrier Global by 1.9% in the 4th quarter. Beck Mack & Oliver LLC now owns 9,124 shares of the company's stock worth $623,000 after purchasing an additional 174 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its stake 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 worth $26,000 after purchasing an additional 180 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Carrier Global by 2.0% in the 1st quarter. International Assets Investment Management LLC now owns 9,438 shares of the company's stock worth $598,000 after purchasing an additional 181 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CARR. Royal Bank Of Canada boosted their price target on shares of Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 20th. Mizuho set a $72.00 target price on shares of Carrier Global in a research report 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 report on Monday, May 5th. Barclays upped their target price on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird upped their target price on shares of Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a research report on Tuesday, May 20th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Carrier Global has an average rating of "Moderate Buy" and a consensus target price of $83.82.

Insider Buying and Selling

In related 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 completion of the sale, the director owned 54,341,534 shares of the company's stock, valued at $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 7.20% of the stock is owned by insiders.

Carrier Global Stock Up 1.4%

Shares of NYSE CARR traded up $1.05 during midday trading on Thursday, reaching $76.94. 3,461,635 shares of the company's stock traded hands, compared to its average volume of 4,698,730. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 0.78. The stock's 50 day simple moving average is $72.44 and its 200-day simple moving average is $67.57. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The company has a market cap of $65.96 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of 2.07 and a beta of 1.31.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share (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 firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same period last year, the firm earned $0.51 earnings per share. The company's quarterly revenue was down 3.7% on a year-over-year basis. On average, analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors 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 yield of 1.17%. Carrier Global's payout ratio is 13.93%.

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.