Kingswood Wealth Advisors LLC Grows Holdings in Carrier Global Co. (NYSE:CARR)

Kingswood Wealth Advisors LLC increased its position in Carrier Global Co. (NYSE:CARR) by 8.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,214 shares of the company’s stock after acquiring an additional 426 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Carrier Global were worth $303,000 at the end of the most recent quarter.

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

Insider Transactions at Carrier Global

In other news, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the completion of the sale, the chief accounting officer now directly owns 2,042 shares in the company, valued at $135,568.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Kyle Crockett sold 4,611 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the transaction, the chief accounting officer now owns 2,042 shares in the company, valued at $135,568.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Nadia Villeneuve sold 98,428 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.40, for a total value of $6,437,191.20. Following the transaction, the vice president now owns 85,028 shares in the company, valued at approximately $5,560,831.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 262,954 shares of company stock worth $16,650,050. 6.95% of the stock is currently owned by insiders.

Carrier Global Stock Down 0.1 %

Shares of CARR opened at $63.15 on Friday. Carrier Global Co. has a 52-week low of $45.68 and a 52-week high of $66.50. The company has a market cap of $56.90 billion, a PE ratio of 43.85, a P/E/G ratio of 2.54 and a beta of 1.33. The business has a fifty day moving average of $62.99 and a 200 day moving average of $58.65. 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 (NYSE:CARR) last released its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.12. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. The business had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.27 billion. On average, sell-side analysts expect that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Friday, June 21st will be given a dividend of $0.19 per share. The ex-dividend date is Friday, June 21st. This represents a $0.76 annualized dividend and a dividend yield of 1.20%. Carrier Global’s dividend payout ratio (DPR) is 53.15%.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of research analyst reports. Barclays increased their price objective on shares of Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, June 14th. Wells Fargo & Company increased their price objective on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Oppenheimer increased their price objective on shares of Carrier Global from $64.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday. Robert W. Baird increased their price objective on shares of Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, TD Cowen raised their target price on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Carrier Global has an average rating of “Hold” and a consensus target price of $64.14.

About Carrier Global

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.