Benjamin Edwards Inc. Acquires 430 Shares of Carrier Global Corporation (NYSE:CARR)

Benjamin Edwards Inc. lifted its holdings in Carrier Global Corporation (NYSE:CARR) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,984 shares of the company’s stock after purchasing an additional 430 shares during the quarter. Benjamin Edwards Inc.’s holdings in Carrier Global were worth $3,930,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CARR. Park Square Financial Group LLC bought a new stake in shares of Carrier Global in the fourth quarter worth $28,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Carrier Global in the first quarter worth $29,000. Mattson Financial Services LLC bought a new stake in shares of Carrier Global in the fourth quarter worth $31,000. Mascagni Wealth Management Inc. bought a new stake in shares of Carrier Global in the fourth quarter worth $35,000. Finally, Transce3nd LLC bought a new stake in shares of Carrier Global in the fourth quarter worth $37,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CARR shares. Mizuho set a $72.00 target price on shares of Carrier Global in a research note on Tuesday, April 22nd. Wells Fargo & Company raised their target price on shares of Carrier Global from $65.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Citigroup reissued a “buy” rating and issued a $89.00 target price (up from $82.00) on shares of Carrier Global in a research note on Monday, July 14th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $79.00 target price on shares of Carrier Global in a research note on Tuesday, July 15th. Finally, Melius Research raised shares of Carrier Global to a “hold” rating and set a $90.00 target price for the company in a research note on Tuesday, July 1st. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.47.

Insider Transactions at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total value of $299,999,977.50. Following the completion of the sale, the director directly owned 54,341,534 shares in the company, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 7.20% of the stock is owned by company insiders.

Carrier Global Stock Down 0.5%

CARR opened at $66.05 on Monday. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The stock’s fifty day simple moving average is $72.84 and its 200 day simple moving average is $68.19. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The stock has a market cap of $56.21 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $6.11 billion for the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. As a group, research analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, July 21st were paid a $0.225 dividend. The ex-dividend date was Monday, July 21st. This represents a $0.90 annualized dividend and a yield of 1.4%. Carrier Global’s payout ratio is 19.61%.

Carrier Global 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.