Trust Co. of Toledo NA OH Buys 5,683 Shares of Carrier Global Co. (NYSE:CARR)

Trust Co. of Toledo NA OH boosted its position in Carrier Global Co. (NYSE:CARR - Free Report) by 40.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,687 shares of the company's stock after purchasing an additional 5,683 shares during the quarter. Trust Co. of Toledo NA OH's holdings in Carrier Global were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. lifted its holdings in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after acquiring an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE raised its position in 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 purchasing an additional 180 shares in the last quarter. Park Square Financial Group LLC bought a new stake in Carrier Global during the fourth quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Carrier Global in the 4th quarter worth about $31,000. Finally, Mattson Financial Services LLC bought a new position in shares of Carrier Global during the 4th quarter valued at about $31,000. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Down 1.8%

Shares of Carrier Global stock traded down $1.31 on Friday, reaching $71.17. The company's stock had a trading volume of 3,559,102 shares, compared to its average volume of 4,687,528. Carrier Global Co. has a 52 week low of $54.22 and a 52 week high of $83.32. The firm's fifty day simple moving average is $67.57 and its two-hundred day simple moving average is $67.47. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $61.01 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. Carrier Global's revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. Equities analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed 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 is Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.26%. Carrier Global's dividend payout ratio (DPR) is 13.93%.

Analysts Set New Price Targets

CARR has been the subject of several research reports. Wells Fargo & Company upped their target price on Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Royal Bank of Canada upped their price objective 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. Northcoast Research raised shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target for the company in a research note on Friday, May 9th. Barclays increased their target price on Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. increased their price objective on Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Carrier Global has an average rating of "Moderate Buy" and a consensus price target of $83.00.

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 dated Thursday, June 5th. The stock was sold at an average price of $70.30, for a total value of $299,999,977.50. Following the transaction, the director now directly owns 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.20% of the stock is currently owned by corporate insiders.

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.