Carrier Global Co. (NYSE:CARR) Shares Acquired by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. lifted its stake in shares of Carrier Global Co. (NYSE:CARR) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,027 shares of the company’s stock after buying an additional 298 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Carrier Global were worth $633,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. McClarren Financial Advisors Inc. lifted its stake in Carrier Global by 86.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after purchasing an additional 202 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new stake in Carrier Global during the fourth quarter worth approximately $25,000. Larson Financial Group LLC lifted its stake in Carrier Global by 76.2% during the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after purchasing an additional 221 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Carrier Global during the third quarter worth approximately $28,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Carrier Global in the third quarter valued at approximately $30,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.16, for a total value of $19,201,832.24. Following the sale, the chief executive officer now owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.16, for a total value of $19,201,832.24. Following the sale, the chief executive officer now owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jurgen Timperman sold 159,915 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 541,005 shares of company stock valued at $30,536,214. Corporate insiders own 6.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on CARR shares. TD Cowen raised their price objective on shares of Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Wells Fargo & Company increased their price target on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Oppenheimer boosted their price objective on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Citigroup upped their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Robert W. Baird lifted 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. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $62.71.

Carrier Global Stock Up 1.9 %

CARR stock opened at $62.09 on Friday. The company has a market cap of $55.94 billion, a P/E ratio of 43.42, a P/E/G ratio of 2.61 and a beta of 1.34. Carrier Global Co. has a 52 week low of $40.28 and a 52 week high of $63.79. The company’s 50-day moving average price is $57.32 and its 200 day moving average price is $55.09. 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 (NYSE:CARR) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. The firm had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. On average, research analysts expect that Carrier Global Co. will post 2.85 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s dividend payout ratio 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.