Summit Trail Advisors LLC Has $1.01 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Summit Trail Advisors LLC grew its position in Carrier Global Co. (NYSE:CARR - Free Report) by 376.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,290 shares of the company's stock after purchasing an additional 13,660 shares during the period. Summit Trail Advisors LLC's holdings in Carrier Global were worth $1,005,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. McClarren Financial Advisors Inc. lifted its position in Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company's stock valued at $25,000 after acquiring an additional 202 shares in the last quarter. DiNuzzo Private Wealth Inc. bought a new stake in Carrier Global in the 4th quarter valued at $25,000. EdgeRock Capital LLC bought a new stake in Carrier Global in the 4th quarter valued at $27,000. Larson Financial Group LLC lifted its position in Carrier Global by 76.2% in the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company's stock valued at $28,000 after acquiring an additional 221 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in Carrier Global during the 3rd quarter worth about $28,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Up 0.0 %

NYSE:CARR traded up $0.01 during trading hours on Thursday, reaching $60.94. The company had a trading volume of 3,607,549 shares, compared to its average volume of 4,885,140. Carrier Global Co. has a twelve month low of $40.28 and a twelve month high of $63.79. The firm has a market cap of $54.91 billion, a price-to-earnings ratio of 42.62, a P/E/G ratio of 2.59 and a beta of 1.34. The business's 50-day simple moving average is $57.17 and its two-hundred day simple moving average is $55.02. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.12. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. The company had revenue of $6.18 billion for the quarter, compared to analysts' expectations of $6.27 billion. On average, equities analysts expect that Carrier Global Co. will post 2.85 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Thursday, May 2nd. Carrier Global's payout ratio is 53.15%.

Insider Activity

In related news, VP Kevin J. O'connor sold 26,551 shares of the company'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 transaction, the vice president now owns 66,083 shares of the company's stock, valued at approximately $3,553,282.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kevin J. O'connor sold 26,551 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the sale, the vice president now directly owns 66,083 shares of the company's stock, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. Insiders sold a total of 541,005 shares of company stock valued at $30,536,214 in the last 90 days. Company insiders own 6.95% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on CARR. TD Cowen boosted their price target on shares of Carrier Global from $66.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday. Oppenheimer boosted their price target on shares of Carrier Global from $63.00 to $64.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. Wells Fargo & Company boosted their price target on shares of Carrier Global from $59.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Friday, April 26th. Citigroup boosted their price target on shares of Carrier Global from $60.00 to $63.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. 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 equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $62.62.

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.

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