7,489 Shares in Carrier Global Co. (NYSE:CARR) Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC acquired a new stake in Carrier Global Co. (NYSE:CARR) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,489 shares of the company’s stock, valued at approximately $435,000.

Other hedge funds have also added to or reduced their stakes in the company. Capital Research Global Investors lifted its stake in Carrier Global by 3.3% in the fourth quarter. Capital Research Global Investors now owns 92,829,907 shares of the company’s stock worth $5,333,084,000 after acquiring an additional 2,961,923 shares during the period. Capital International Investors lifted its position in shares of Carrier Global by 0.6% in the 4th quarter. Capital International Investors now owns 81,063,464 shares of the company’s stock worth $4,657,260,000 after purchasing an additional 443,568 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Carrier Global by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 13,307,231 shares of the company’s stock valued at $764,500,000 after purchasing an additional 310,453 shares in the last quarter. Norges Bank purchased a new position in Carrier Global during the fourth quarter valued at approximately $444,487,000. Finally, PineStone Asset Management Inc. raised its stake in Carrier Global by 21.6% in the fourth quarter. PineStone Asset Management Inc. now owns 4,752,550 shares of the company’s stock worth $273,034,000 after buying an additional 845,622 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Price Performance

CARR stock traded down $0.15 during mid-day trading on Friday, reaching $63.08. 17,783,854 shares of the company’s stock were exchanged, compared to its average volume of 3,600,109. The company has a market cap of $56.84 billion, a price-to-earnings ratio of 44.16, a price-to-earnings-growth ratio of 2.55 and a beta of 1.33. Carrier Global Co. has a 12-month low of $45.68 and a 12-month high of $66.50. The stock’s 50 day moving average is $62.99 and its 200 day moving average is $58.65. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.36 and a quick ratio of 0.99.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. The firm had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. On average, research analysts expect that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 21st will be given 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 payout ratio is 53.15%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. TD Cowen lifted their price target on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 29th. Barclays lifted their target price on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Wells Fargo & Company increased their price target on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. Finally, Robert W. Baird increased their target price on shares of Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $64.14.

Insider Activity at Carrier Global

In other news, VP Nadia Villeneuve sold 98,428 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.40, for a total value of $6,437,191.20. Following the transaction, the vice president now directly owns 85,028 shares of the company’s stock, valued at $5,560,831.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Jurgen Timperman sold 159,915 shares of Carrier Global stock in a transaction on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Nadia Villeneuve sold 98,428 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the completion of the sale, the vice president now directly owns 85,028 shares of the company’s stock, valued at approximately $5,560,831.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 262,954 shares of company stock valued at $16,650,050. 6.95% of the stock is owned by insiders.

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.