3,392 Shares in Carrier Global Co. (NYSE:CARR) Purchased by Ignite Planners LLC

Ignite Planners LLC acquired a new stake in shares of Carrier Global Co. (NYSE:CARR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,392 shares of the company’s stock, valued at approximately $215,000.

Several other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its position in Carrier Global by 4.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 151,345 shares of the company’s stock valued at $8,695,000 after buying an additional 5,954 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Carrier Global by 84.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 17,249 shares of the company’s stock worth $991,000 after purchasing an additional 7,889 shares during the period. Cerity Partners LLC lifted its position in Carrier Global by 44.5% during the fourth quarter. Cerity Partners LLC now owns 75,834 shares of the company’s stock valued at $4,362,000 after purchasing an additional 23,346 shares in the last quarter. Sapient Capital LLC bought a new stake in Carrier Global during the fourth quarter valued at about $355,000. Finally, Valeo Financial Advisors LLC increased its position in Carrier Global by 21.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 12,847 shares of the company’s stock worth $738,000 after buying an additional 2,261 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Down 0.2 %

Carrier Global stock traded down $0.10 during mid-day trading on Friday, reaching $64.38. 2,339,901 shares of the company were exchanged, compared to its average volume of 4,398,888. Carrier Global Co. has a 12-month low of $45.68 and a 12-month high of $70.09. The business has a fifty day moving average of $64.63 and a 200 day moving average of $60.56. The firm has a market cap of $58.01 billion, a P/E ratio of 45.02, a PEG ratio of 2.63 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.80 and a current ratio of 1.08.

Carrier Global (NYSE:CARR) last posted its earnings results 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 analysts’ expectations of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. Carrier Global’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 earnings per share. Research analysts anticipate that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Friday, June 21st were paid a $0.19 dividend. The ex-dividend date was Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a yield of 1.18%. Carrier Global’s dividend payout ratio (DPR) is 53.15%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Bank of America raised shares of Carrier Global from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $55.00 to $72.00 in a report on Monday, July 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $72.00 target price on shares of Carrier Global in a research report on Friday, July 26th. Robert W. Baird dropped 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, July 26th. Baird R W raised shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Finally, Barclays raised 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $66.77.

Insiders Place Their Bets

In related news, VP Ajay Agrawal sold 62,382 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $64.55, for a total value of $4,026,758.10. Following the sale, the vice president now owns 103,066 shares in the company, valued at $6,652,910.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Carrier Global news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kyle Crockett sold 4,611 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 2,042 shares of the company’s stock, valued at approximately $135,568.38. The disclosure for this sale can be found here. 6.95% of the stock is currently owned by insiders.

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.