Natixis Advisors L.P. Purchases 6,655 Shares of Carrier Global Co. (NYSE:CARR)

Natixis Advisors L.P. grew its holdings in Carrier Global Co. (NYSE:CARR) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,559 shares of the company’s stock after purchasing an additional 6,655 shares during the quarter. Natixis Advisors L.P.’s holdings in Carrier Global were worth $11,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CARR. Benjamin Edwards Inc. grew its holdings in Carrier Global by 2.4% in the fourth quarter. Benjamin Edwards Inc. now owns 25,841 shares of the company’s stock worth $1,485,000 after purchasing an additional 596 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Carrier Global by 7.7% in the 4th quarter. First Horizon Advisors Inc. now owns 7,388 shares of the company’s stock valued at $424,000 after buying an additional 526 shares during the period. Fisher Asset Management LLC raised its stake in Carrier Global by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 13,293,503 shares of the company’s stock worth $763,712,000 after buying an additional 296,725 shares during the period. Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in Carrier Global by 1.9% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 12,113 shares of the company’s stock worth $696,000 after acquiring an additional 227 shares in the last quarter. Finally, Tower View Wealth Management LLC grew its stake in Carrier Global by 5.0% in the fourth quarter. Tower View Wealth Management LLC now owns 58,608 shares of the company’s stock valued at $3,367,000 after acquiring an additional 2,769 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.3 %

Shares of Carrier Global stock opened at $64.26 on Wednesday. The company has a 50 day simple moving average of $57.53 and a two-hundred day simple moving average of $55.24. The firm has a market cap of $57.90 billion, a PE ratio of 44.94, a PEG ratio of 2.61 and a beta of 1.34. Carrier Global Co. has a 1 year low of $40.49 and a 1 year high of $64.69. 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 (NYSE:CARR) last announced its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.12. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The company had revenue of $6.18 billion during the quarter, compared to analyst estimates of $6.27 billion. Analysts expect that Carrier Global Co. will post 2.85 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company 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. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.18%. Carrier Global’s dividend payout ratio is 53.15%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CARR. Barclays increased their target price on Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Citigroup boosted 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. Wells Fargo & Company raised their price target on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Royal Bank of Canada decreased their price objective on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Finally, Robert W. Baird raised their target price on Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.71.

Insider Buying and Selling

In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of Carrier Global stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Carrier Global news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $53.77, for a total value 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 sold 541,005 shares of company stock worth $30,536,214 in the last quarter. 6.95% of the stock is owned by insiders.

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.