XTX Topco Ltd Acquires Shares of 45,728 Carrier Global Corporation (NYSE:CARR)

XTX Topco Ltd acquired a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 45,728 shares of the company's stock, valued at approximately $2,899,000.

Other large investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new stake in Carrier Global during the 1st quarter worth about $2,247,000. N.E.W. Advisory Services LLC boosted its position in Carrier Global by 2.1% during the 1st quarter. N.E.W. Advisory Services LLC now owns 13,419 shares of the company's stock worth $851,000 after acquiring an additional 282 shares during the period. Meeder Advisory Services Inc. grew its stake in Carrier Global by 5.3% in the first quarter. Meeder Advisory Services Inc. now owns 22,891 shares of the company's stock valued at $1,451,000 after purchasing an additional 1,147 shares in the last quarter. Ramirez Asset Management Inc. grew its stake in Carrier Global by 78.1% in the first quarter. Ramirez Asset Management Inc. now owns 1,300 shares of the company's stock valued at $82,000 after purchasing an additional 570 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its stake in Carrier Global by 10.5% in the first quarter. Foundations Investment Advisors LLC now owns 6,619 shares of the company's stock valued at $420,000 after purchasing an additional 631 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Carrier Global Stock Performance

Shares of CARR traded down $1.72 during midday trading on Friday, reaching $66.90. The stock had a trading volume of 5,450,797 shares, compared to its average volume of 4,818,715. The firm has a 50 day simple moving average of $73.35 and a 200-day simple moving average of $68.33. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The firm has a market cap of $56.93 billion, a PE ratio of 14.58, a P/E/G ratio of 1.88 and a beta of 1.26. The company has a current ratio of 1.17, a quick ratio of 0.83 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The business had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. As a group, sell-side analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The business 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. This represents a $0.90 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global's dividend payout ratio (DPR) is currently 19.61%.

Analyst Ratings Changes

A number of brokerages have commented on CARR. The Goldman Sachs Group restated a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Wells Fargo & Company raised their target price on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Northcoast Research upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target for the company in a report on Friday, May 9th. Robert W. Baird dropped their price objective on shares of Carrier Global from $85.00 to $84.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, Royal Bank Of Canada reduced their price objective on shares of Carrier Global from $89.00 to $87.00 and set an "outperform" rating for the company in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.47.

Insider Transactions at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the firm's stock in a transaction 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 completion of the transaction, the director directly owned 54,341,534 shares of the company's stock, valued at $3,820,209,840.20. This trade represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.