Carrier Global Corporation (NYSE:CARR) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 552,713 shares of the company's stock after buying an additional 75,555 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of Carrier Global worth $35,042,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ensign Peak Advisors Inc boosted its holdings in Carrier Global by 27.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company's stock worth $89,706,000 after buying an additional 285,803 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Carrier Global by 36.2% in the 1st quarter. Farther Finance Advisors LLC now owns 9,664 shares of the company's stock worth $614,000 after buying an additional 2,570 shares during the last quarter. Dempze Nancy E boosted its holdings in Carrier Global by 20.5% in the 4th quarter. Dempze Nancy E now owns 37,482 shares of the company's stock worth $2,559,000 after buying an additional 6,372 shares during the last quarter. Glaxis Capital Management LLC acquired a new stake in Carrier Global in the 4th quarter worth about $341,000. Finally, Proficio Capital Partners LLC boosted its holdings in Carrier Global by 62.6% in the 4th quarter. Proficio Capital Partners LLC now owns 7,198 shares of the company's stock worth $491,000 after buying an additional 2,770 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CARR shares. Citigroup lowered their price objective on Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wolfe Research raised shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research note on Monday, February 24th. The Goldman Sachs Group reissued a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Barclays raised their target price on shares of Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $83.00.

Insider Transactions at Carrier Global

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the business'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 completion of the sale, the director now directly owns 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. The trade was a 7.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.20% of the company's stock.

Carrier Global Stock Up 0.7%

Shares of NYSE:CARR traded up $0.51 during trading on Friday, hitting $70.37. The company's stock had a trading volume of 10,629,737 shares, compared to its average volume of 4,708,936. The business has a 50 day moving average price of $68.68 and a two-hundred day moving average price of $67.26. The company has a market capitalization of $60.33 billion, a PE ratio of 24.38, a P/E/G ratio of 1.98 and a beta of 1.33. 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 posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 earnings per share. As a group, research analysts expect 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 given a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.28%. Carrier Global's dividend payout ratio is currently 13.93%.

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.