EP Wealth Advisors LLC Increases Stock Position in Carrier Global Co. (NYSE:CARR)

EP Wealth Advisors LLC increased its stake in shares of Carrier Global Co. (NYSE:CARR) by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,245 shares of the company’s stock after purchasing an additional 823 shares during the period. EP Wealth Advisors LLC’s holdings in Carrier Global were worth $654,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. McClarren Financial Advisors Inc. boosted its position in Carrier Global by 86.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after purchasing an additional 202 shares during the last quarter. 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 bought a new position in shares of Carrier Global in the 4th quarter worth approximately $27,000. Criterion Capital Advisors LLC purchased a new position in shares of Carrier Global in the fourth quarter worth approximately $32,000. Finally, Planned Solutions Inc. bought a new stake in Carrier Global during the fourth quarter valued at approximately $33,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CARR shares. Citigroup upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and raised their target price for the stock from $65.00 to $74.00 in a research note on Monday, June 24th. Wells Fargo & Company raised their price objective 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. Barclays lifted their target price on shares of Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Robert W. Baird cut their price target on Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $65.64.

Insider Transactions at Carrier Global

In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was 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 is accessible through this hyperlink. 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nadia Villeneuve sold 98,428 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the completion of the sale, the vice president now directly owns 85,028 shares in the company, valued at $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. Company insiders own 6.95% of the company’s stock.

Carrier Global Trading Up 3.0 %

Carrier Global stock traded up $1.94 during mid-day trading on Friday, hitting $66.77. The company’s stock had a trading volume of 4,302,760 shares, compared to its average volume of 4,471,861. Carrier Global Co. has a one year low of $45.68 and a one year high of $70.09. The stock has a market cap of $60.16 billion, a PE ratio of 47.05, a P/E/G ratio of 2.57 and a beta of 1.32. The company has a 50 day moving average of $64.49 and a 200-day moving average of $59.82. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, July 25th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. During the same period last year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts anticipate that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 21st will be issued a $0.19 dividend. The ex-dividend date is Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.14%. Carrier Global’s dividend payout ratio is currently 53.15%.

Carrier Global 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.