GPS Wealth Strategies Group LLC Acquires Shares of 805 Carrier Global Co. (NYSE:CARR)

GPS Wealth Strategies Group LLC bought a new position in Carrier Global Co. (NYSE:CARR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 805 shares of the company’s stock, valued at approximately $51,000.

Several other institutional investors have also recently made changes to their positions in CARR. Cerity Partners LLC increased its position in shares of 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 acquiring an additional 23,346 shares during the last quarter. ORG Partners LLC increased its position in shares of Carrier Global by 317.3% during the 4th quarter. ORG Partners LLC now owns 626 shares of the company’s stock valued at $36,000 after purchasing an additional 476 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Carrier Global during the 4th quarter worth $2,913,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Carrier Global in the 4th quarter worth about $205,000. Finally, Mackenzie Financial Corp grew its position in Carrier Global by 0.4% during the fourth quarter. Mackenzie Financial Corp now owns 563,348 shares of the company’s stock valued at $32,364,000 after buying an additional 2,404 shares during the period. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CARR. Citigroup upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and boosted their target price for the company from $65.00 to $74.00 in a research note on Monday, June 24th. Robert W. Baird reduced their price objective on Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Oppenheimer decreased their target price on Carrier Global from $71.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Wells Fargo & Company upped their price target on Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Finally, Baird R W raised Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $66.77.

Carrier Global Price Performance

Shares of Carrier Global stock traded up $0.21 on Wednesday, reaching $65.68. The stock had a trading volume of 3,480,586 shares, compared to its average volume of 4,363,527. The business’s 50 day moving average is $64.76 and its two-hundred day moving average is $60.73. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. Carrier Global Co. has a 1 year low of $45.68 and a 1 year high of $70.09. The company has a market cap of $59.18 billion, a P/E ratio of 45.93, a price-to-earnings-growth ratio of 2.63 and a beta of 1.32.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. The business had revenue of $6.70 billion for 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%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 EPS. As a group, research analysts anticipate that Carrier Global Co. will post 2.84 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Shareholders 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 1.16%. Carrier Global’s dividend payout ratio is currently 53.15%.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, CAO Kyle Crockett sold 4,611 shares of the business’s 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 transaction, the chief accounting officer now owns 2,042 shares of the company’s stock, valued at approximately $135,568.38. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Carrier Global news, CAO Kyle Crockett sold 4,611 shares of the firm’s 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ajay Agrawal sold 62,382 shares of the company’s stock in a transaction dated 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 completion of the transaction, the vice president now owns 103,066 shares of the company’s stock, valued at $6,652,910.30. The disclosure for this sale can be found here. Insiders own 6.95% of the company’s stock.

Carrier Global Company 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.