Mitchell & Pahl Private Wealth LLC Boosts Stock Position in Carrier Global Co. (NYSE:CARR)

Mitchell & Pahl Private Wealth LLC lifted its position in Carrier Global Co. (NYSE:CARR) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,161 shares of the company’s stock after purchasing an additional 212 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Carrier Global were worth $415,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Marathon Capital Management increased its stake in Carrier Global by 4.1% in the second quarter. Marathon Capital Management now owns 3,923 shares of the company’s stock valued at $247,000 after acquiring an additional 156 shares during the last quarter. Savant Capital LLC grew its stake in shares of Carrier Global by 0.5% during the second quarter. Savant Capital LLC now owns 32,408 shares of the company’s stock valued at $2,044,000 after buying an additional 162 shares during the last quarter. Founders Capital Management LLC grew its stake in shares of Carrier Global by 3.4% during the second quarter. Founders Capital Management LLC now owns 5,250 shares of the company’s stock valued at $331,000 after buying an additional 175 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Carrier Global by 1.5% during the third quarter. Valeo Financial Advisors LLC now owns 12,244 shares of the company’s stock valued at $986,000 after buying an additional 179 shares during the last quarter. Finally, Manchester Capital Management LLC grew its stake in shares of Carrier Global by 4.3% during the first quarter. Manchester Capital Management LLC now owns 4,385 shares of the company’s stock valued at $255,000 after buying an additional 180 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR traded up $0.79 during trading hours on Thursday, reaching $81.84. The company had a trading volume of 666,577 shares, compared to its average volume of 4,130,407. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. Carrier Global Co. has a 52 week low of $45.68 and a 52 week high of $83.32. The firm has a market cap of $73.74 billion, a price-to-earnings ratio of 57.37, a PEG ratio of 2.94 and a beta of 1.32. The firm’s 50 day moving average price is $74.63 and its 200-day moving average price is $66.88.

Carrier Global (NYSE:CARR) last posted its earnings results 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 net margin of 14.27% and a return on equity of 23.68%. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.05 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. On average, analysts forecast that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, October 25th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Friday, October 25th. Carrier Global’s dividend payout ratio is presently 53.15%.

Insider Transactions at Carrier Global

In other news, VP Ajay Agrawal sold 62,382 shares of Carrier Global stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the transaction, the vice president now owns 103,066 shares in the company, valued at $6,652,910.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.95% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of recent research reports. Baird R W raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Robert W. Baird dropped their target price on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Royal Bank of Canada increased their target price on shares of Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Oppenheimer increased their target price on shares of Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their target price on shares of Carrier Global from $73.00 to $82.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.83.

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.