Carrier Global Co. (NYSE:CARR) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in Carrier Global Co. (NYSE:CARR) by 6.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,309 shares of the company’s stock after purchasing an additional 659 shares during the period. International Assets Investment Management LLC’s holdings in Carrier Global were worth $592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. McClarren Financial Advisors Inc. raised its holdings in shares of Carrier Global by 86.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock valued at $25,000 after buying an additional 202 shares during the period. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Carrier Global during the 4th quarter valued at about $25,000. EdgeRock Capital LLC purchased a new stake in shares of Carrier Global during the 4th quarter valued at about $27,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Carrier Global during the 3rd quarter valued at about $30,000. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of Carrier Global during the 4th quarter valued at about $32,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Down 2.1 %

Shares of Carrier Global stock opened at $62.88 on Monday. The stock’s fifty day moving average is $62.25 and its 200-day moving average is $58.44. The firm has a market capitalization of $56.66 billion, a PE ratio of 43.97, a price-to-earnings-growth ratio of 2.59 and a beta of 1.33. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. Carrier Global Co. has a 12-month low of $45.68 and a 12-month high of $66.50.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.12. The firm had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. Equities analysts anticipate that Carrier Global Co. will post 2.85 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Friday, June 21st will be given a $0.19 dividend. The ex-dividend date is Friday, June 21st. This represents a $0.76 annualized dividend and a dividend yield of 1.21%. Carrier Global’s dividend payout ratio is 53.15%.

Analyst Ratings Changes

CARR has been the topic of several analyst reports. TD Cowen raised their target price on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 29th. Wells Fargo & Company lifted their price objective on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Robert W. Baird lifted their price objective on Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Oppenheimer lifted their price objective on Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and boosted their price target for the company from $65.00 to $74.00 in a report on Monday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $63.64.

Insider Activity

In other news, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $61.95, for a total value of $9,906,734.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Kyle Crockett sold 4,611 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total value of $306,124.29. Following the completion of the transaction, the chief accounting officer now directly owns 2,042 shares in the company, valued at $135,568.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jurgen Timperman sold 159,915 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Over the last three months, insiders sold 262,954 shares of company stock valued at $16,650,050. 6.95% of the stock is owned by company 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.