Carrier Global Corporation (NYSE:CARR) Shares Acquired by TD Private Client Wealth LLC

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

Several other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Carrier Global in the 4th quarter valued at $588,029,000. Wealthfront Advisers LLC boosted its holdings in shares of Carrier Global by 5,840.1% in the 4th quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock valued at $341,300,000 after acquiring an additional 4,915,826 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of Carrier Global by 139.1% in the 4th quarter. Brown Advisory Inc. now owns 5,296,577 shares of the company's stock valued at $361,544,000 after acquiring an additional 3,080,984 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of Carrier Global in the 4th quarter valued at $166,061,000. Finally, Invesco Ltd. boosted its holdings in shares of Carrier Global by 40.3% in the 4th quarter. Invesco Ltd. now owns 5,057,148 shares of the company's stock valued at $345,201,000 after acquiring an additional 1,453,247 shares during the last quarter. Institutional investors own 91.00% of the company's stock.

Insider Activity at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction that occurred 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 completion of the transaction, the director owned 54,341,534 shares in the company, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.20% of the company's stock.

Carrier Global Price Performance

Shares of NYSE CARR traded up $1.04 during mid-day trading on Wednesday, reaching $75.94. The company's stock had a trading volume of 4,119,285 shares, compared to its average volume of 4,687,014. The stock has a 50-day moving average of $72.03 and a two-hundred day moving average of $67.46. The stock has a market capitalization of $65.10 billion, a P/E ratio of 11.76, a P/E/G ratio of 2.06 and a beta of 1.31. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 1.20. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32.

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, 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 business 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 business earned $0.51 earnings per share. The company's quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, July 21st will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global's payout ratio is 13.93%.

Analyst Ratings Changes

Several analysts have recently commented on CARR shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a report on Wednesday, May 21st. 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 report on Tuesday, May 20th. Melius initiated coverage on shares of Carrier Global in a report on Tuesday, July 1st. They set a "hold" rating and a $90.00 price target on the stock. Wells Fargo & Company increased their price target on shares of Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, Royal Bank Of Canada increased their price target on shares of Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a report on Tuesday, May 20th. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Carrier Global has an average rating of "Moderate Buy" and an average price target of $83.82.

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.