Carrier Global Co. (NYSE:CARR) Shares Purchased by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC lifted its holdings in Carrier Global Co. (NYSE:CARR) by 35.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,973 shares of the company’s stock after purchasing an additional 1,309 shares during the period. Capital Asset Advisory Services LLC’s holdings in Carrier Global were worth $281,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CARR. McClarren Financial Advisors Inc. lifted its stake in Carrier Global by 86.7% in the fourth 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 last quarter. DiNuzzo Private Wealth Inc. purchased a new position in Carrier Global in the fourth quarter worth approximately $25,000. EdgeRock Capital LLC purchased a new stake in shares of Carrier Global during the 4th quarter worth approximately $27,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Carrier Global during the 3rd quarter worth approximately $30,000. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of Carrier Global during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Insider Activity

In other news, CAO Kyle Crockett sold 4,611 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the completion of the transaction, the chief accounting officer now directly owns 2,042 shares in the company, valued at approximately $135,568.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Kyle Crockett sold 4,611 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the completion of the transaction, the chief accounting officer now directly owns 2,042 shares in the company, valued at approximately $135,568.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was 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. In the last three months, insiders sold 262,954 shares of company stock worth $16,650,050. 6.95% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CARR shares. Oppenheimer upped their price target on shares of Carrier Global from $64.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday. Barclays boosted their price objective on shares of Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, June 14th. TD Cowen upped their target price on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 29th. Wells Fargo & Company upped their target price on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Finally, Robert W. Baird upped their target price on shares of Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.14.

Carrier Global Stock Down 0.1 %

NYSE:CARR traded down $0.08 during trading hours on Friday, hitting $63.15. The stock had a trading volume of 17,783,770 shares, compared to its average volume of 4,594,763. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $66.50. The business has a 50 day simple moving average of $62.99 and a two-hundred day simple moving average of $58.65. The company has a market cap of $56.90 billion, a PE ratio of 43.85, a price-to-earnings-growth ratio of 2.54 and a beta of 1.33.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.12. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The company had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.27 billion. Analysts predict that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Friday, June 21st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, June 21st. Carrier Global’s dividend payout ratio (DPR) is currently 53.15%.

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.