Hall Laurie J Trustee Has $6.29 Million Position in Carrier Global Co. (NYSE:CARR)

Hall Laurie J Trustee raised its position in Carrier Global Co. (NYSE:CARR) by 0.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 99,740 shares of the company’s stock after buying an additional 275 shares during the quarter. Carrier Global comprises about 2.2% of Hall Laurie J Trustee’s portfolio, making the stock its 11th largest holding. Hall Laurie J Trustee’s holdings in Carrier Global were worth $6,292,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CARR. McClarren Financial Advisors Inc. boosted its holdings in shares of 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 buying an additional 202 shares during the last quarter. DiNuzzo Private Wealth Inc. acquired a new stake in Carrier Global in the fourth quarter valued at $25,000. Olistico Wealth LLC bought a new position in shares of Carrier Global in the 2nd quarter valued at about $25,000. EdgeRock Capital LLC acquired a new position in shares of Carrier Global during the 4th quarter worth about $27,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of Carrier Global in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CARR. Robert W. Baird dropped their price objective on Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Bank of America raised Carrier Global from an “underperform” rating to a “neutral” rating and raised their price target for the company from $55.00 to $72.00 in a report on Monday, July 29th. TD Cowen upped their price objective 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. Barclays increased their price objective on shares of Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Finally, Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $65.00 to $74.00 in a report on Monday, June 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $67.08.

Carrier Global Price Performance

NYSE CARR traded down $0.07 during midday trading on Tuesday, hitting $68.57. The company had a trading volume of 2,136,487 shares, compared to its average volume of 4,340,493. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $61.78 billion, a PE ratio of 47.95, a P/E/G ratio of 2.63 and a beta of 1.32. The firm has a 50-day moving average price of $65.28 and a 200-day moving average price of $61.14. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $70.09.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. During the same period in the previous year, the firm earned $0.79 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, analysts anticipate that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Friday, June 21st were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, June 21st. This represents a $0.76 annualized dividend and a dividend yield of 1.11%. Carrier Global’s dividend payout ratio is presently 53.15%.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the completion of the sale, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.95% of the company’s stock.

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.