Mather Group LLC. Has $440,000 Position in Carrier Global Co. (NYSE:CARR)

Mather Group LLC. boosted its holdings in shares of Carrier Global Co. (NYSE:CARR) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,660 shares of the company’s stock after buying an additional 297 shares during the period. Mather Group LLC.’s holdings in Carrier Global were worth $440,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CARR. Russell Investments Group Ltd. grew its position in Carrier Global by 1.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,489,686 shares of the company’s stock valued at $85,624,000 after buying an additional 16,950 shares during the period. Addison Advisors LLC grew its position in Carrier Global by 60.1% during the fourth quarter. Addison Advisors LLC now owns 3,299 shares of the company’s stock valued at $190,000 after buying an additional 1,238 shares during the period. Citizens Financial Group Inc. RI grew its position in Carrier Global by 53.9% during the fourth quarter. Citizens Financial Group Inc. RI now owns 8,931 shares of the company’s stock valued at $513,000 after buying an additional 3,126 shares during the period. Mountain Pacific Investment Advisers Inc. ID grew its position in Carrier Global by 18.1% during the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 10,730 shares of the company’s stock valued at $616,000 after buying an additional 1,645 shares during the period. Finally, Kovack Advisors Inc. grew its position in Carrier Global by 29.4% during the fourth quarter. Kovack Advisors Inc. now owns 7,162 shares of the company’s stock valued at $411,000 after buying an additional 1,629 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Down 0.6 %

NYSE:CARR opened at $61.12 on Thursday. The firm’s 50-day moving average price is $57.02 and its 200-day moving average price is $54.98. The company has a market capitalization of $55.07 billion, a PE ratio of 42.74, a P/E/G ratio of 2.64 and a beta of 1.39. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.36 and a quick ratio of 0.99. Carrier Global Co. has a 1-year low of $40.28 and a 1-year high of $63.79.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share 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, equities analysts predict that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s payout ratio is 53.15%.

Insider Buying and Selling

In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the transaction, the vice president now owns 66,083 shares in the company, valued at approximately $3,553,282.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the completion of the transaction, the vice president now owns 66,083 shares in the company, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. Insiders have sold a total of 541,005 shares of company stock worth $30,536,214 in the last quarter. Corporate insiders own 6.95% of the company’s stock.

Analysts Set New Price Targets

CARR has been the subject of several research reports. Barclays increased their price target on shares of Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Citigroup increased their target price 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. TD Cowen increased their target price on shares of Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday. Royal Bank of Canada cut their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Finally, Oppenheimer increased their target price on shares of Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Carrier Global presently has an average rating of “Hold” and a consensus price target of $62.62.

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.