Mackenzie Financial Corp Raises Stock Position in Carrier Global Corporation (NYSE:CARR)

Mackenzie Financial Corp grew its holdings in Carrier Global Corporation (NYSE:CARR) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 539,211 shares of the company’s stock after purchasing an additional 12,065 shares during the quarter. Mackenzie Financial Corp owned 0.06% of Carrier Global worth $34,186,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Golden State Wealth Management LLC grew its stake in shares of Carrier Global by 51.8% in the first quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company’s stock worth $88,000 after acquiring an additional 474 shares in the last quarter. Bessemer Group Inc. grew its stake in Carrier Global by 15.7% during the 1st quarter. Bessemer Group Inc. now owns 28,768 shares of the company’s stock worth $1,823,000 after purchasing an additional 3,900 shares in the last quarter. Ensign Peak Advisors Inc raised its position in Carrier Global by 27.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company’s stock valued at $89,706,000 after purchasing an additional 285,803 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Carrier Global in the 1st quarter valued at about $234,000. Finally, Ritholtz Wealth Management grew its position in shares of Carrier Global by 34.0% during the first quarter. Ritholtz Wealth Management now owns 3,968 shares of the company’s stock worth $252,000 after buying an additional 1,007 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Insider Buying and Selling

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the completion of the sale, the director directly owned 54,341,534 shares of the company’s stock, valued at approximately $3,820,209,840.20. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.20% of the stock is currently owned by corporate insiders.

Carrier Global Stock Performance

Shares of CARR opened at $71.72 on Wednesday. The company’s 50 day simple moving average is $73.57 and its 200-day simple moving average is $68.33. The firm has a market cap of $61.49 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 2.19 and a beta of 1.31. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Carrier Global had a net margin of 25.45% and a return on equity of 18.10%. The company had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. As a group, equities analysts predict that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, July 21st will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global’s dividend payout ratio (DPR) is presently 13.93%.

Analyst Ratings Changes

A number of research analysts recently issued reports on CARR shares. Melius Research upgraded shares of Carrier Global to a “hold” rating and set a $90.00 price target for the company in a research note on Tuesday, July 1st. Royal Bank Of Canada boosted their target price on shares of Carrier Global from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 20th. Wells Fargo & Company lifted their price target on Carrier Global from $65.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Citigroup reaffirmed a “buy” rating and set a $89.00 price objective (up from $82.00) on shares of Carrier Global in a research report on Monday, July 14th. Finally, Northcoast Research raised Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.65.

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.