Curat Global LLC Takes Position in Carrier Global Co. (NYSE:CARR)

Curat Global LLC bought a new position in shares of Carrier Global Co. (NYSE:CARR) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 1,185 shares of the company’s stock, valued at approximately $75,000.

Several other institutional investors have also modified their holdings of CARR. Ensign Peak Advisors Inc grew its stake in Carrier Global by 27.8% during the 4th quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company’s stock valued at $89,706,000 after purchasing an additional 285,803 shares in the last quarter. Allworth Financial LP grew its position in shares of Carrier Global by 1,657.6% during the fourth quarter. Allworth Financial LP now owns 167,653 shares of the company’s stock worth $11,741,000 after buying an additional 158,114 shares in the last quarter. Principal Securities Inc. grew its position in shares of Carrier Global by 128.6% during the fourth quarter. Principal Securities Inc. now owns 16,919 shares of the company’s stock worth $1,155,000 after buying an additional 9,518 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Carrier Global by 1.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 475,850 shares of the company’s stock worth $32,786,000 after buying an additional 8,746 shares during the last quarter. Finally, Dempze Nancy E raised its holdings in Carrier Global by 20.5% in the fourth quarter. Dempze Nancy E now owns 37,482 shares of the company’s stock valued at $2,559,000 after acquiring an additional 6,372 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CARR. Northcoast Research raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Friday, May 9th. The Goldman Sachs Group reiterated a “buy” rating on shares of Carrier Global in a research note on Wednesday, May 21st. Mizuho set a $72.00 price objective on Carrier Global in a research note on Tuesday, April 22nd. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Monday, February 24th. Finally, Barclays lifted their target price on Carrier Global from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.00.

Carrier Global Stock Down 0.4%

Shares of Carrier Global stock opened at $71.09 on Friday. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32. The stock has a market capitalization of $60.95 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 2.01 and a beta of 1.33. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The business’s 50 day simple moving average is $66.27 and its 200-day simple moving average is $67.70.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.17 billion. During the same period last year, the business posted $0.51 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Friday, May 2nd. Carrier Global’s payout ratio is 13.93%.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the sale, the director now owns 54,341,534 shares of the company’s stock, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.20% of the stock is currently owned by company insiders.

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.