VCI Wealth Management LLC Has $921,000 Stock Holdings in Carrier Global Corporation (NYSE:CARR)

VCI Wealth Management LLC trimmed its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 37.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,520 shares of the company's stock after selling 8,687 shares during the period. VCI Wealth Management LLC's holdings in Carrier Global were worth $921,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Carrier Global in the 4th quarter valued at $588,029,000. Brown Advisory Inc. increased its stake in Carrier Global by 82.6% during the first quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company's stock valued at $613,330,000 after acquiring an additional 4,377,402 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of Carrier Global during the 4th quarter worth approximately $166,061,000. Invesco Ltd. increased its position in shares of Carrier Global by 40.3% during the fourth quarter. Invesco Ltd. now owns 5,057,148 shares of the company's stock valued at $345,201,000 after purchasing an additional 1,453,247 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Carrier Global by 16.7% in the fourth quarter. Northern Trust Corp now owns 8,847,377 shares of the company's stock valued at $603,922,000 after purchasing an additional 1,266,137 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CARR shares. Citigroup reaffirmed a "buy" rating and issued a $89.00 target price (up previously from $82.00) on shares of Carrier Global in a report on Monday, July 14th. Royal Bank Of Canada raised their price objective on shares of Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a research report on Tuesday, May 20th. Melius assumed coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They issued a "hold" rating and a $90.00 target price for the company. Barclays raised their price target on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Finally, Robert W. Baird reduced their price objective on Carrier Global from $88.00 to $85.00 and set an "outperform" rating on the stock in a report on Thursday, July 17th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $84.65.

Carrier Global Price Performance

Shares of NYSE CARR traded up $0.01 during midday trading on Tuesday, reaching $75.98. The company's stock had a trading volume of 820,650 shares, compared to its average volume of 4,674,183. The business's 50 day moving average price is $73.11 and its two-hundred day moving average price is $67.87. The company has a market cap of $65.14 billion, a P/E ratio of 11.75, a P/E/G ratio of 2.09 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 fifty-two week low of $54.22 and a fifty-two week 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a net margin of 25.45% and a return on equity of 18.10%. The company's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. On average, analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be given a $0.225 dividend. The ex-dividend date is Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.18%. Carrier Global's dividend payout ratio (DPR) is presently 13.93%.

Insider Buying and Selling

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.20% of the stock is owned by insiders.

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.

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