Carrier Global Co. (NYSE:CARR) Shares Purchased by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lifted its stake in Carrier Global Co. (NYSE:CARR) by 2.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 103,363 shares of the company’s stock after purchasing an additional 2,181 shares during the period. Bahl & Gaynor Inc.’s holdings in Carrier Global were worth $6,008,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC grew its position in Carrier Global by 8.8% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 7,576 shares of the company’s stock worth $422,000 after acquiring an additional 614 shares during the period. BKM Wealth Management LLC purchased a new position in Carrier Global in the fourth quarter worth approximately $203,000. Brookstone Capital Management grew its position in Carrier Global by 5.7% in the fourth quarter. Brookstone Capital Management now owns 4,968 shares of the company’s stock worth $285,000 after acquiring an additional 269 shares during the period. Cedar Brook Financial Partners LLC grew its position in Carrier Global by 55.9% in the fourth quarter. Cedar Brook Financial Partners LLC now owns 7,323 shares of the company’s stock worth $416,000 after acquiring an additional 2,626 shares during the period. Finally, Premier Path Wealth Partners LLC purchased a new position in Carrier Global in the fourth quarter worth approximately $243,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Insider Transactions at Carrier Global

In other news, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the sale, the chief accounting officer now owns 2,042 shares in the company, valued at $135,568.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Nadia Villeneuve sold 98,428 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total value 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 approximately $135,568.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 262,954 shares of company stock worth $16,650,050. Corporate insiders own 6.95% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CARR. Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. Robert W. Baird upgraded Carrier Global from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $64.00 to $75.00 in a research report on Monday, July 15th. Barclays raised their price target on Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, June 14th. Oppenheimer raised their price target on Carrier Global from $64.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Finally, Wells Fargo & Company raised their price target on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $64.93.

Carrier Global Stock Up 0.7 %

Carrier Global stock traded up $0.48 during midday trading on Tuesday, reaching $68.48. The company’s stock had a trading volume of 2,081,156 shares, compared to its average volume of 4,430,955. Carrier Global Co. has a fifty-two week low of $45.68 and a fifty-two week high of $70.09. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. The company has a market cap of $61.70 billion, a P/E ratio of 47.55, a P/E/G ratio of 2.58 and a beta of 1.32. The business has a 50-day simple moving average of $64.43 and a 200-day simple moving average of $59.66.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $6.27 billion. On average, research analysts expect that Carrier Global Co. will post 2.85 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company 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. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, June 21st. Carrier Global’s dividend payout ratio (DPR) is currently 53.15%.

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.