Carrier Global Co. (NYSE:CARR) Shares Bought by Creative Planning

Creative Planning lifted its stake in shares of Carrier Global Co. (NYSE:CARR) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 465,226 shares of the company’s stock after purchasing an additional 11,655 shares during the quarter. Creative Planning owned about 0.05% of Carrier Global worth $37,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Virtu Financial LLC bought a new position in Carrier Global in the 4th quarter worth about $209,000. RFG Advisory LLC increased its position in Carrier Global by 14.9% in the 1st quarter. RFG Advisory LLC now owns 5,779 shares of the company’s stock valued at $336,000 after acquiring an additional 749 shares during the period. International Assets Investment Management LLC raised its stake in Carrier Global by 6.8% during the 1st quarter. International Assets Investment Management LLC now owns 10,309 shares of the company’s stock valued at $592,000 after acquiring an additional 659 shares in the last quarter. Ballentine Partners LLC boosted its position in Carrier Global by 35.7% during the 1st quarter. Ballentine Partners LLC now owns 13,524 shares of the company’s stock worth $786,000 after acquiring an additional 3,556 shares during the period. Finally, Riverview Trust Co bought a new position in shares of Carrier Global in the first quarter worth $68,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.1 %

Shares of NYSE CARR opened at $81.55 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. Carrier Global Co. has a 12 month low of $45.68 and a 12 month high of $83.32. The company has a market cap of $73.48 billion, a price-to-earnings ratio of 57.03, a P/E/G ratio of 2.94 and a beta of 1.32. The business has a fifty day simple moving average of $75.32 and a 200-day simple moving average of $67.30.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. Sell-side analysts predict that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, October 25th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Friday, October 25th. Carrier Global’s payout ratio is 53.15%.

Wall Street Analyst Weigh In

CARR has been the topic of a number of recent analyst reports. Wolfe Research upgraded shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Royal Bank of Canada upped their price target on shares of Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Citigroup upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and increased their price objective for the company from $65.00 to $74.00 in a report on Monday, June 24th. Wells Fargo & Company boosted their target price on Carrier Global from $73.00 to $82.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Finally, Barclays increased their price target on Carrier Global from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.67.

Insider Buying and Selling at Carrier Global

In other news, VP Ajay Agrawal sold 62,382 shares of Carrier Global stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the transaction, the vice president now owns 103,066 shares in the company, valued at approximately $6,652,910.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 6.95% of the company’s stock.

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.