Andrew Hill Investment Advisors Inc. Invests $2.08 Million in Carrier Global Co. (NYSE:CARR)

Andrew Hill Investment Advisors Inc. purchased a new stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 36,217 shares of the company's stock, valued at approximately $2,081,000. Carrier Global comprises approximately 2.2% of Andrew Hill Investment Advisors Inc.'s investment portfolio, making the stock its 25th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sterling Financial Planning Inc. acquired a new position in Carrier Global during the fourth quarter valued at approximately $287,000. Fidelis Capital Partners LLC grew its stake in shares of Carrier Global by 11.7% in the fourth quarter. Fidelis Capital Partners LLC now owns 8,035 shares of the company's stock worth $462,000 after acquiring an additional 841 shares during the last quarter. AIA Group Ltd grew its stake in shares of Carrier Global by 16.5% in the fourth quarter. AIA Group Ltd now owns 98,959 shares of the company's stock worth $5,685,000 after acquiring an additional 14,003 shares during the last quarter. CapWealth Advisors LLC grew its stake in shares of Carrier Global by 0.5% in the fourth quarter. CapWealth Advisors LLC now owns 99,020 shares of the company's stock worth $5,689,000 after acquiring an additional 471 shares during the last quarter. Finally, Delta Financial Advisors LLC grew its stake in shares of Carrier Global by 5.5% in the fourth quarter. Delta Financial Advisors LLC now owns 32,397 shares of the company's stock worth $1,861,000 after acquiring an additional 1,682 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the transaction, the chief executive officer now directly owns 422,808 shares of the company's stock, valued at $22,899,281.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO David L. Gitlin sold 354,539 shares of the firm's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the completion of the sale, the chief executive officer now directly owns 422,808 shares in the company, valued at $22,899,281.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Kevin J. O'connor sold 26,551 shares of the firm's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the sale, the vice president now owns 66,083 shares of the company's stock, valued at $3,553,282.91. The disclosure for this sale can be found here. Company insiders own 6.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Carrier Global from $63.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 7th. Barclays raised their price objective on shares of Carrier Global from $71.00 to $78.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Citigroup raised their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Oppenheimer restated an "outperform" rating and issued a $63.00 price objective on shares of Carrier Global in a research note on Thursday. Finally, Royal Bank of Canada lowered their price objective on shares of Carrier Global from $63.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $61.15.

Carrier Global Stock Performance

CARR stock traded up $0.17 during midday trading on Friday, hitting $53.55. The stock had a trading volume of 3,576,696 shares, compared to its average volume of 4,670,742. The firm has a market capitalization of $48.20 billion, a price-to-earnings ratio of 33.89, a P/E/G ratio of 2.29 and a beta of 1.39. The stock has a 50-day simple moving average of $56.36 and a 200 day simple moving average of $54.74. Carrier Global Co. has a 52 week low of $40.28 and a 52 week high of $60.87. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.02. The company had revenue of $5.10 billion during the quarter, compared to analysts' expectations of $5.22 billion. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. The business's revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $0.40 earnings per share. As a group, equities research analysts anticipate that Carrier Global Co. will post 2.82 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.42%. Carrier Global's payout ratio is presently 48.10%.

Carrier Global Company 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.