Quotient Wealth Partners LLC Takes Position in Carrier Global Co. (NYSE:CARR)

Quotient Wealth Partners LLC purchased a new stake in Carrier Global Co. (NYSE:CARR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,581 shares of the company's stock, valued at approximately $895,000.

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

Carrier Global Stock Performance

Carrier Global stock traded up $0.59 during trading hours on Tuesday, hitting $64.92. The stock had a trading volume of 4,128,259 shares, compared to its average volume of 4,770,174. The company has a 50-day moving average of $58.42 and a two-hundred day moving average of $55.84. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. The company has a market cap of $58.49 billion, a PE ratio of 44.99, a price-to-earnings-growth ratio of 2.76 and a beta of 1.34. Carrier Global Co. has a fifty-two week low of $40.49 and a fifty-two week high of $66.32.

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.12. The business had revenue of $6.18 billion during the quarter, compared to analysts' expectations of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. On average, equities research analysts anticipate that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, May 2nd. Carrier Global's dividend payout ratio is 53.15%.

Analysts Set New Price Targets

CARR has been the subject of several analyst reports. Wells Fargo & Company raised their target price on shares of Carrier Global from $59.00 to $66.00 and gave the stock an "equal weight" rating in a report on Friday, April 26th. Robert W. Baird lifted their price objective on shares of Carrier Global from $60.00 to $64.00 and gave the company a "neutral" rating in a research note on Friday, May 3rd. Citigroup boosted their target price on shares of Carrier Global from $60.00 to $63.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. 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 report on Monday, April 29th. Finally, Oppenheimer raised their price target on shares of Carrier Global from $63.00 to $64.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carrier Global presently has a consensus rating of "Hold" and a consensus price target of $62.71.

Insider Activity at Carrier Global

In other Carrier Global news, VP Nadia Villeneuve sold 98,428 shares of the company's stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.40, for a total value of $6,437,191.20. Following the sale, the vice president now owns 85,028 shares in the company, valued at $5,560,831.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Carrier Global news, VP Nadia Villeneuve sold 98,428 shares of the firm's stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.40, for a total value of $6,437,191.20. Following the sale, the vice president now owns 85,028 shares of the company's stock, valued at approximately $5,560,831.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jurgen Timperman sold 159,915 shares of the firm's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The disclosure for this sale can be found here. 6.95% of the stock is owned by company 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.